In fact, monetary inflation via credit expansion is the source of our present trouble.

实际上，由信贷膨胀而导致的货币通胀是我们现在面临问题的根源。

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Inflation is always and everywhere a social phenomenon, not a monetary one.

通货膨胀时时处处皆是一种社会现象，并非是单纯的货币现象。

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Inflation is always and everywhere a social phenomenon, not a monetary one.

通货膨胀时时处处皆是一种社会现象，并非是单纯的货币现象。

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