在现代经济中,约有三分之一的消费品总产出可归因于资本品的使用。
In modern economies about one-third of the total output of consumer goods is attributable to the use of capital goods.
信用扩张创造的新增货币被用来购买生产要素,并部署到远离消费的资本品工业中。
The money created through credit expansions is used by entrepreneurs to demand factors of production, which they employ mainly in capital-goods industries more distant from consumption.
为提振消费、提高房屋价格作出的最后的努力可能会导致越来越多的资本流入扩张的消费者信贷领域,制造最后必然会破灭的金融泡沫。 (听起来很熟悉是吧。)
Last-ditch efforts to prop up consumption and home values mayresult in more and more capital flowing into expanded consumer credit, creatingfinancial bubbles that inevitably burst (sound familiar?).
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