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.
几年前，我主持了一场小组会议。会上，一位美国政界人士坚持认为，美联储(Fed)的印钞行为将很快导致恶性通胀。但如今，美联储的关注焦点却是如何将通胀提升至既定目标。与其他许多人一样，他未能理解货币体系的工作原理。
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