• That's what we responded to. So to me,no adaptation can ever be perfect.

    VOA: standard.2010.01.08

  • What we have--we have a problem that there can be a systemic problem to fractional reserve banking if there is ever a run on the banking system.

    我们面临着一个问题,如果出现银行挤兑,部分准备金制度会,导致系统性的问题

    耶鲁公开课 - 金融市场课程节选

  • Let me show you an example of the first possibility, because that's the one I think we may be overlooking when we assume that disregarding can't ever make any sense.

    让我给你们一个第一种可能的例子,因为我认为我们可能会忽视它,当我们假设无视根本说不通时。

    耶鲁公开课 - 死亡课程节选

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