The second world war forced the british government to borrow heavily , issuing debt that the banks bought , inflating their assets .
第二次世界大战迫使英国政府大量举债,发行的国债由银行来购买,银行的资产由此膨胀。
If mr mishkin believes the fed should anticipate the economic consequences of a deflating bubble , why should it not anticipate the consequences of an inflating one ?
要是米什金先生相信联储可以预见收缩型泡沫的经济后果,为什么联储不能预测一下膨胀型泡沫的后果呢?
He says the flood of liquidity from the fed has been responsible for inflating emerging market assets , and lifting commodities prices and commodity-linked currencies .
Subprime loans , which offered lower-income americans a rare chance to accumulate wealth , ended up inflating the housing bubble and leaving these same people with debts they couldn 't pay .