CHICAGO – Monetary and fiscal policies in the United States, both in this recession and the recession of 2001, have been among the most accommodating in the industrial world. As I write, Congress is working on yet another “jobs” bill.  Indeed, John Taylor of Stanford University attributes the recent financial crisis to excessively stimulatory monetary policy towards the end of Alan Greenspan’s tenure as head of the US Federal Reserve.
发自芝加哥——在2001年以及最近的这次衰退中，美国都实施了堪称工业时代以来最为宽松的货币和财政政策。就在本文落笔之时，国会还在制定另外一份“就业”法案。事实上，斯坦福大学经济学教授约翰·泰勒教授将最近这场经济危机归因于艾伦·格林斯潘作为美联储主席任期即将届满而推行的过度刺激性货币政策。