通货紧缩对美联储没有益处,下跌的价格刺激正反馈的恐慌性抛售和银行挤提,以及在通货紧缩下以名义价偿还债务造成的真正损失。
Deflation serves no benefit to the Federal Reserve, as declining prices spur positive-feedback panic selling and bank runs, and debt repayments in nominal terms under deflation cause real losses.
日本鲸研究学会名义上以鲸类研究为任务,但实际上也向地方学校出售鲸肉,且价格一般只有市场价的三分之一。
The Japanese Institute of Cetacean research, which carries out whaling in the name of research, sells whale meat to local municipalities for school lunches at one-third of the market price.
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