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。
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.
但是,债务的名义价值不会下降。
不像合伙制和独资经营的方式,股份公司是有限责任制的。 这意味着股东不必以个人的名义对公司的债务负责。
Unlike partnerships and soleproprietorships, corporations have limited liability, which means thatstockholders cannot be held personally responsible for the firm’s debts.
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