The economy is vulnerable to what economists of the Austrian school of economics terms a "secondary deflation," where Banks call in loans and are stingy about extending credit.

而经济很容易遭受奥地利学派经济学家们所说的“再通货紧缩”(secondary deflation)的冲击，即银行急于收回贷款，紧缩信贷。

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The economy is vulnerable to what economists of the Austrian school of economics terms a “secondary deflation,” where banks call in loans and are stingy about extending credit.

而经济很容易遭受奥地利学派经济学家们所说的“再通货紧缩”（secondary deflation）的冲击，即银行急于收回贷款，紧缩信贷。

youdao

The post-war West German leaders took the insights of Austrian economics and applied them once again.

FORBES: EU-Topia: Why Europe Can't Exist

Forbes needs to have some real Austrian economics advocates here instead of these stale retreads of Peikovian unwisdom.

FORBES: Why Ayn Rand's Absence From Last Thursday's Debate Benefits Big Government

This new preparedness to question the role of central banks comes alongside a renewed interest in pure-form Austrian economics, which we covered on Radio 4's Analysis programme a year ago.

BBC: Central banks are part of the state