Now, I think that ultimately--interestingly enough, Los Angeles had a real estate boom and bust in the 1880s; that's hard to believe.
现在,我认为这非常有意思,19世纪80年代洛杉矶经历了房地产的,繁荣和萧条,这难以置信
This is one of the most important aspects of this marvelous book the Housing boom and bust.
这是最重要的部分,在这本神奇的著作中。
As I mentioned earlier it would lead, of course, to big cycles of boom and bust.
正如我之前提到它的导致,当然,经济繁荣与萧条的大循环
Thomas Sowell in the Housing Boom and Bust In just one year, 27% home prices fell by 27% in San Digo, 28% 28% in Los Angles 31% and 31 % in San Francisco.
您在书中说,仅仅一年间,:,“,房价下降了%,在圣地亚哥,在洛杉矶,房价下跌了,在旧金山,下降了。
Finally, getting it right to keep inflation low, keep that boom-bust cycle from coming back like it did, and you don't have to go, even go back so far period.
最终可以维持低通胀,打破繁荣与萧条的周期循环,这个已有先例,远的不说。
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