• It wasn't caused by the Fed's sudden tightening against inflation. It was different it was this recession was not understood not anticipated; the Fed came in late to cut interest rates to try to prevent it from being worse because it just didn't seem to have any reason for happening.

    它不是由于美联储对通货膨胀的,突然紧缩政策造成的,它不同之处在于,这个经济衰退没有被理解,没有事先准备好;,美联储试图阻止它恶化而,降低利率为时已晚,因为,它似乎看起来没有任何理由发生。

    耶鲁公开课 - 金融市场课程节选

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