I could consume all of my income-- if I borrow against my future income, I could-- there's a problem here of starvation.

我可以选择花掉所有的收入,如果我用未来的收入作担保借钱...,不过我们还得考虑吃饭问题

耶鲁公开课 - 金融市场课程节选

It's a violation of people's liberty for the government to force everyone whether they want to or not to put aside some earnings today for the sake of their retirement.

这侵犯了人们的自由,因为政府强迫所有人，不管愿不愿意,都得储蓄一部分当前收入，留到退休时用。

耶鲁公开课 - 公正课程节选

The price of a share is the price of the ownership of that earnings' stream If I buy a share I'm in with everyone else who owns the company and I have a claim on the earnings' stream, but the earnings' stream is a year-by-year thing.

每股价格是指,收入所有权的价格,如果我和其他股东一样买了一份股票,那么我就对收益有要求权,但收益是逐年计算的

耶鲁公开课 - 金融市场课程节选