Such preventive measures are all the more important in view of the Great Inflation’s second relevant lesson: fiscal discipline is essential to price stability. Sustaining a high budget deficit over many years will lead to an unmanageable debt buildup, unless that debt is inflated away or restructured.
从大通胀的第二个相关教训看，这一套预防性措施尤其重要。财政纪律是价格稳定的关键。在多年间维持高水平预算赤字会导致不可治理的债务堆积，除非债务可以通过通胀贬值或被重组。