At first I was in awe but now I 've discovered something that surprises and depresses me .
最初我满怀敬畏,但现在我发现了一些令我感到意外和沮丧的事情。
Slashing government spending in a depressed economy depresses the economy further ; austerity should wait until a strong recovery is well under way .
在经济低迷时削减政府开支,会进一步抑制经济;紧缩政策应该等到强劲复苏正顺利进行的时候。
Financial crises are ultimately deflationary because they create a rise in the demand for cash that depresses aggregate demand at a time when substantial excess capacity exists .