You can lead a horse to liquidity, but you can’t make it drink. In a world where private aggregate demand is weak and unconventional monetary policy eventually becomes like pushing on a string, the case for slower fiscal consolidation and productive public infrastructure spending is compelling.
你可以把马拉到水边，但你不能强迫它喝水。在私人总需求疲软、非常规货币政策最终效果消失时，减缓财政整合和生产性公共基础设施支出就成为不可缺少的要件。