• So what banks offer is liquidity -the ability to borrow short even though the loans that are made are long-term.

    而银行就提供了流动性,即接受短期存款,但可以发放长期贷款的能力

    耶鲁公开课 - 金融市场课程节选

  • Liquidity is that banks lend long and borrow short -short-term, I mean.

    流动性是指银行贷长借短,短是指短期

    耶鲁公开课 - 金融市场课程节选

  • That a free laborer is a mobile laborer, especially in a society like the United States that had this thing called The West, the limitless apparently to them anyway--boundless West.

    自由劳动者是流动的,尤其处在美国这样的社会,有他们所说的广袤的西部,特别对他们来说,无边际的西部

    耶鲁公开课 - 美国内战与重建课程节选

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