The Fed's influence comes about because of its monopolization of the creation of money.
美联储的力量来自于它垄断了货币的生产。
And this time, central Banks and finance ministries have added tax cuts, spending increases and quantitative easing - the creation of electronic money - and so created an even headier brew.
而这次,各国央行和及财政部都增加了减税措施、增加财政开支及定量宽松措施——即创造电子货币——由此酿造了更易醉人的烈酒。
But the creation of extra money in one country ought also, other things being equal, to drive down its price in terms of other currencies.
但如果其他情况不变,一国创造更多额外货币,会使得用他国货币来衡量的资产价格下跌。
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