Nationally, home prices in the United States rose 85% between 1997 and 2006 in real terms-- in inflation-corrected terms.

在通货膨胀已校正的条件下,美国房价,在1997 年到2006年之间,实质上上涨了85%

耶鲁公开课 - 金融市场课程节选

Generally it has been inflationary after 1933; central banks have generally gradually allowed prices to rise.

大体上在1933年之后，一直处于通货膨胀时期；,中央银行大都,渐渐将价格抬高。

耶鲁公开课 - 金融市场课程节选

Inflation rates had gotten very high even in Germany where anti-inflation sentiment was the highest.

通货膨胀率仍然很高，甚至在,反通货膨胀的情绪最高涨的德国。

耶鲁公开课 - 金融市场课程节选

We had inflation rates in the United Kingdom on the order of 20% a year and people were asking ? what is going on in the UK?

我们在英国有,每年20%的通货膨胀率，然后人们还在问,英国正在发生什么？

耶鲁公开课 - 金融市场课程节选

So since 1933 the Fed has been managing inflation.

所以，自从1933年，美联储一直在管理通货膨胀。

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You get nineteen times your money over eighty-one years, but then if you take into account the inflation consumes a multiple of eleven and you're an institution like Yale that consumes only after inflation returns, putting your money into treasury bills really didn't get you very much.

1年后你的钱翻了19倍,但是如果考虑通货膨胀,在此期间侵蚀了11倍的收益,而且如果你是像耶鲁这样,减去通货膨胀调整到实际回报后再论支出,那么将钱投资于短期国库券,不会让你赚得多

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