The gold standard — which John Maynard Keynes termed a “barbarous relic” — led to ruinous deflations.
约翰·梅纳德·凯恩斯称为“野蛮的遗迹”的金本位制导致了极大的破坏性。
2
The gold standard — which John Maynard Keynes termed a "barbarous relic" — led to ruinous deflations.
约翰·梅纳德·凯恩斯称金本位制为“野蛮的遗迹”——导致了极大的破坏性。
3
In "normal" recessions such as the ones we have experienced in the postwar period prior to the present crisis, only the flow deflations were in operation.