In bars across every big city, you can hear characters with loud voices jabbering about all the cash they hold. They got out of equities just before the market crashed.
在每个大城市的酒吧里,你都会听到有人喋喋不休地大声谈论他们持有的现金资产,以及他们如何赶在市场崩溃前将股票脱手。
Rather than lending at a negative interest rate, you could hold onto cash by, for example, stuffing it in your mattress.
你不会以一个负利率贷款给别人,你宁愿持有现金,比方说,把钱塞在床垫里。
When inflation is anticipated, the amount of money in circulation increases; people hold smaller cash balances because inflation erodes the value of cash.
当通胀被合理预期,流通中的货币总量增加;由于通胀腐蚀了现金的价值,人们将更少的持有现金。
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