Some years ago I moderated a panel at which a US politician insisted that the Federal Reserve’s money-printing would soon cause hyperinflation. Yet today the Fed’s main concern is rather how to get inflation up to its target. Like many others, he failed to understand how the monetary system works.
幾年前，我主持了一場小組會議。會上，一位美國政界人士堅持認為，美聯儲(Fed)的印鈔行為將很快導致惡性通脹。但如今，美聯儲的關注焦點卻是如何將通脹提升至既定目標。與其他許多人一樣，他未能理解貨幣體系的工作原理。
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