One view is that investors, awash with liquidity at a time of rock-bottom global interest rates, are letting their thirst for high returns overwhelm their good judgment by buying riskier debt.

一种看法是，在全球利率处于最低时受到流动性冲击的投资者们，现在正通过购买更具风险的债务，允许他们获取高汇报的渴望压倒它们良好的判断力。

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On the left would be those who favor a system of discretionary activism in which brilliant technocrats, such as Ben Bernanke at the Fed, use their judgment in setting interest rates.

WSJ: Seth Lipsky: The Gold Standard Goes Mainstream