李先生：人民币汇率的大幅度升值将向美国消费者输出通货膨胀。
Li: a large increase in exchange rates will export inflation to U. s. consumers.
注二：股市低迷可以进一步压抑国内消费需求，流血完成了另外“一保”：保证不输出通货膨胀。
Note: the stock market can be further depressed domestic consumption demand, the completion of another bloody "security" : to ensure that inflation does not output. U.
它是如此有效，到1972年初，输出急剧增加，失业下降，尽管通货膨胀有所上升。
It worked so well that by early 1972 output rose sharply and unemployment fell, although inflation increased.
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