They can default, either outright or, if they have their own currencies, through inflation.

如果一国拥有自己的货币，该国就可以违约，既可以直接违约，也可通过通货膨胀隐形违约。

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An alternative way to lift a real exchange rate is through higher inflation than abroad.

取而代之的一个提升真实汇率的方法是通过比境外高的通胀。

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Policymakers might secretly prefer to do that through higher inflation, which lifts nominal incomes, than through the painful processes of cutting spending and retiring debt, or default.

决策者可能隐蔽的选择更高的通货膨胀——这会增加名义上的收入，而不是采取削减支出和减少债务或是不履行职责这样痛苦的手段。

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Inflation is the most important thing according to many views because the Fed has to guarantee the soundness of the money supply -- and there have been so many cases in history when the central bank allowed debasement of the currency through inflation.

通货膨胀是最重要的事情,根据很多观点,因为美联储必须保证,货币供应的稳固,并且在历史上有太多的例子,当中央银行允许,通过通货膨胀改造货币。

耶鲁公开课 - 金融市场课程节选

The value of money changes through time because of inflation or deflation; yet, most of our debts are written in money terms.

货币的价值因时而异,那是因为存在通货膨胀和通货紧缩;,但是，我们大多数负债都以货币方式记录。

耶鲁公开课 - 金融市场课程节选

To get around these roadblocks, the Fed lowers the cost of labor through inflation.

FORBES: The Chimera Of The Fed's Schizophrenic Mission

Of course, American policies could hurry it up, in particular by trying to reduce the debt burden through inflation.

ECONOMIST: America��s debt crisis will be chronic, not acute

Particularly when the less painful way to reduce debt and the interest paid on that debt is through inflation via QE.

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