Now, assuming that we trust the government-- I think the U.S. Government has never defaulted on its debt-- we'd take that as a riskless return.

假设我们信任政府-,假设美国政府从未拖欠债务-,可以把它当作无风险回报。

耶鲁公开课 - 金融市场课程节选

In 1998 there was the Russian default crisis and then there was some seize up of that maybe resembles what is happening now.

998年，俄罗斯拖欠债务危机爆发,那时有一些失灵,那个状况有些像现在发生的状况。

耶鲁公开课 - 金融市场课程节选