As a result, people assumed that the problem of monetary stability had been solved, and that they could pile up assets and then use them as collateral to borrow ever-larger sums.

由此，“货币稳定性问题已经解决”似乎成了一个可靠的前提，人们便以为尽可以把资产叠加起来，以之为质，大举借债，而且越借越多。

youdao

As a result, people assumed that the problem of monetary stability had been solved, and that they could pile up assets and then use them as collateral to borrow ever-larger sums.

由此，“货币稳定性问题已经解决”似乎成了一个可靠的前提，人们便以为尽可以把资产叠加起来，以之为质，大举借债，而且越借越多。

youdao