Owing predominately to management problems ( with bureaucrats overseeing the market ) this government soon began hemorrhaging money , and in order to subsidize the loss , the chilean central bank began printing unbacked currency at an alarming rate .
Also , what we have is a situation where the issuers of the unbacked paper receipts divert real goods to themselves without making any contribution to the production of goods .
Obviously then , without the unbacked money , which diverts real savings to them , they are in trouble .
于是很显然,如果没有未被支撑的纸币将真正的储蓄转移到他们时,他们就会处于麻烦之中。
Once the printing of unbacked money slows down or stops altogether , this stops the flow of real savings to various activities that emerged on the back of unbacked money .
一旦减缓或者停止印刷没有支撑的纸币,这将停止真实的储蓄流向由没有支撑的纸币引发的各种活动。
In a fiat ( unbacked ) monetary system , central banks do not need assets , other than for purposes of monetary control .
在一个法定(无担保)的货币体系中,中央银行需要资产的唯一用途是进行货币调控。
The printing of certificates unbacked by gold diverts real savings from wealth-generating activities to the holders of the unbacked certificates .