· In the global economy’s industrial core, at least, it had then been more than 60 years since financial disruption had had more than a minor impact on overall levels of production and employment. While modern central banks had difficulty in dealing with inflationary shocks, it had been generations since they had seen a deflationary shock that they could not handle.
· 至少在世界经济的核心地带，各国已经过了超过60年的安稳日子，期间没有任何金融动荡能够对总体层面上的生产和就业造成重大影响。虽然现代中央银行在应对通胀冲击方面办法不多，但几十年来在抵抗通缩方面却相当得心应手。