I was just reading Alan Greenspan's new book, The Age of Turbulence.

我刚读了艾伦·格林斯潘的新书,《动荡年代》

耶鲁公开课 - 金融市场课程节选

It's something like what we had in the '30s, although they have other institutions that protect homebuyers, so they don't see the turmoil that we saw in the 1930s.

就像我们上世纪30年代的一样,但是他们有另外的机构来保护购房者,因此他们没有经历我们在30年代的动荡

耶鲁公开课 - 金融市场课程节选

But one argument that can be made is that things things were so terrible and so out of control in the earlier period that the strengthening of the state is something that people saw as beneficial.

然而有这样一个观点,在动荡不定的战争年代,一个极权国家是有利于国家的发展的

耶鲁公开课 - 欧洲文明课程节选

So many of our financial institutions were created in the 1930s because that was a time when everything was being shaken up and it was a time when people were willing to consider something really different.

由于大萧条时期的动荡,和对人们生活的冲击,人们便愿意想一些与以往不同的东西,所以自那时之后,大量的金融衍生工具如雨后春笋般的出现了。

耶鲁公开课 - 金融市场课程节选

Home prices have become unstable.

房价已经开始动荡

耶鲁公开课 - 金融市场课程节选