所以，自从1933年，美联储一直在管理通货膨胀。

So since 1933 the Fed has been managing inflation.

youdao

债权国有可能会是制定新规则的人，而新的全球货币系统没有中国的支持是无法运行的。因为中国是拥有资本控制权和管理通货的债权国。

Creditor nations tend to set the rules and the new global monetary system will be unable to operate without the approval of China, a creditor country that has capital controls and a managed currency.

youdao

2001年至2008年中期间，巴西经历了低通货的长期增长，这是它早期停停长长期间从未能管理的。

Between 2001 and mid-2008 Brazil experienced a long period of growth with low inflation, something it never managed in its earlier stop-start period.

youdao

So central banks around the world began to manage became managers of inflation rather than defenders of a gold standard.

所以，世界各地的中央银行,开始管理，成为了通货膨胀的管理者,而不是金本位制度的守卫者。

耶鲁公开课 - 金融市场课程节选

So since 1933 the Fed has been managing inflation.

所以，自从1933年，美联储一直在管理通货膨胀。

耶鲁公开课 - 金融市场课程节选