These days the Chairman of President Bush’s Council of Economic Advisers, Ben Bernanke, likes to talk about a “global savings glut” that has produced astonishingly low real interest rates around the world. But that is the wrong way to look at it.
近一段时间，布什总统经济顾问委员会主席Ben Bernanke总是把“全球储蓄过剩”挂在嘴边，说这一现象造成了全球范围出奇之低的实际利率。但这种看法并不正确。