National currencies always have the advantage over private currencies.
国家发行的货币总是胜过非国家发行的。
Private currencies, Hayek argued, are more stable than traditional currencies because they do not share these weaknesses.
哈耶克认为，私人货币相比传统的货币更稳定，因为其没有传统货币的弱点。
The economists note that the currencies of emerging Asian countries face the strongest upward pressure because of changes in the destination of private capital.
经济学家们注意到受到私人资本流向改变的影响，新兴的亚洲国家货币面临着最迫切的升值压力。
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