他的团队访问了历史学家和演讲作家,研究危机周期,聆听历任的演说集。
His team interviewed historians and speech writers, studied periods of crisis, and listened to past inaugural orations.
那些稳定的周期总是导致泡沫甚至危机,更加自由的金融市场只会加剧损失。
Periods of stability always lead to excess and eventual crisis, and freer financial markets only lead to greater damage.
对发达国家,新兴国家的经济危机研究报告显示,房价周期与银行破产之间的关联恒定不变。
Research into financial crises in developed and emerging markets shows a consistent link between house-price cycles and banking busts.
The problem with private banks issuing notes is that there would periodically be banking crises when the banks failed to pay on their notes and they couldn't pay out the gold that was demanded--that was required.
私有银行发行纸币的问题在于,当它们没法用要求的金子-规定的金子数量,支付它们发行的纸币时,它们将周期性的,陷入银行业危机。
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