In monetary history too, as in all other branches of history, one must resort to historical understanding.
对待货币的历史,同对待历史的所有其他分支一样,人们必须凭借基于史实的理解。
The abiding lesson of monetary history is that the higher inflation gets, the costlier it becomes to bring down again.
货币史历来的教训是通货膨胀率涨得越高则引导其回归正轨的代价就越为高昂。
In 1963, with Anna Schwartz, he published "a Monetary History of the United States, 1867-1960", a monumental Labour.
1963年,在经济史论家安娜·施瓦茨(Anna Schwartz)的协助下,发表影响深的《美国货币史》(1867 - 1960)“,这一历史纪念碑一般的巨作。”
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