This time is indeed different, though not because the boom-and-bust cycle has miraculously disappeared.
这次的确不同,但并不因为兴盛-衰落循环圈神奇消失了。
It would be a mistake to think we are right now simply experiencing the painful side of a boom and bust cycle.
如果认为我们现在只是在经历大起大落循环中痛苦的那一面,那就错了。
Once prices return to a favorable level, the Fed begins to reduce rates again and the boom bust cycle repeats.
一旦物价回到正常水平,联储又开始削减利率,然后是繁荣周期的重现。
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