• Then the problem was that the price relative price of those two was not really fixed by the government.

    然后,问题就在于价格,这两种货币的相对价格,没有被政府统。

    耶鲁公开课 - 金融市场课程节选

  • In recent years, there have been more examples of things that are priced too high than things that are priced too low but there are both and the market makes mistakes in both directions.

    在最近的几年里,有更多的例子表明,市场价格是偏高了而不是被偏低了,但是其实两种现象都存在,同时市场也在个方向上都犯了错误。

    耶鲁公开课 - 金融市场课程节选

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