The economy is vulnerable to what economists of the Austrian school of economics terms a "secondary deflation," where Banks call in loans and are stingy about extending credit.

而经济很容易遭受奥地利学派经济学家们所说的“再通货紧缩”(secondary deflation)的冲击，即银行急于收回贷款，紧缩信贷。

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The economy is vulnerable to what economists of the Austrian school of economics terms a “secondary deflation,” where banks call in loans and are stingy about extending credit.

而经济很容易遭受奥地利学派经济学家们所说的“再通货紧缩”（secondary deflation）的冲击，即银行急于收回贷款，紧缩信贷。

youdao

The Austrian school of economics notes that information is widely diffuse, making central planning of the economy virtually impossible.

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