In the climate of scarcity that characterizes debt deflations, the specificity of bailout operations inevitably leads to intense political debate. We see this in the current discussion about the distributional effects of rescuing the automobile industry; or the worry that hedge funds, which are widely blamed for today’s financial malaise, should have access to the Fed’s emergency credit lines.
在以稀缺为特征的债务通缩背景下，援救操作的具体性不可避免地导致了激烈的政治争论。我们在当前有关救助汽车业的分配效应的讨论中，能看到这一点；在对冲基金有权使用美联储的紧急信用额度的担忧中——对冲基金被广泛认为应该对现在的金融危机负责，也看到了这一点。