Cheap money has encouraged households, especially American ones, to borrow and spend lavishly.

低利率鼓励家庭，特别美国家庭，向银行借款并铺张的消费。

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Politicians also exhibit a natural propensity to garner power or spend our money lavishly on their supporters.

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Or will he lavishly spend money inefficiently in a fashion that mirrors the managerial inefficiencies of the New York Knicks from the last 5 years?

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It is neither just nor effective to funnel public money to political favorites hoping they will spend lavishly and thus stimulate production.

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