Maybe. But it does not have to be like that. The president-elect has one thing going for him. The crisis he inherits is one of recession and deflation. The difference between a crisis of deflation and a crisis of inflation is this: governments that need to reduce inflation have to do nasty things; governments that want to end deflation have to do nice things. It is the difference between buying at the top of the market and buying at the bottom.
也許吧。但事實未必如此。有一件事對當選總統有利。他接手的這場危機是一場經濟衰退與通貨緊縮危機。通貨緊縮危機和通貨膨脹危機之間的區別在于:需要降低通貨膨脹的政府必須做令人不快的事情;而需要終結通貨緊縮的政府必須做令人愉快的事情。這就像在市場頂部買入與在市場底部買入的區別一樣。
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