• They should have been watching, under Reagan, because if you let them pay high interest rates you better watch out that they don't make risky loans if you're insuring them.

    在里根的执政下,他们本应该进行监管,因为如果你准许机构支付高利率,且对他们进行保险,你最好进行监管,防止他们发放高危贷款

    耶鲁公开课 - 金融市场课程节选

  • in such a way that after the rates were raised, they likely couldn't afford to pay the mortgage anymore or they'd be under great stress in trying to do so.

    这种“引逗利率,以至于到后来他们没有能力偿还贷款,或者为了还贷给生活造成巨大压力。

    耶鲁公开课 - 金融市场课程节选

  • If you want to go live in the state of nature, that's fine, but you can't take anything from the government because by the government's terms, which are the only terms under which you can enter the agreement, say that you have to pay taxes to take those things.

    如果你想生活在自然状态下,没问题,但你就不能享受任何政府福利了,因为根据政府组建条款,也是我们同意组建政府的唯一条款,规定只有你缴税了才能享受那些福利。

    耶鲁公开课 - 公正课程节选

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