PRINCETON – Worried investors and policymakers are becoming obsessed with Great Depression analogies. But the lesson of 1931 is only in part financial or economic. The 1931 crisis was so big and so destructive because it was a financial drama that played out on a geo-political stage.
普林斯顿amp#45;amp#45;忧心忡忡的投资者和决策者们正在陷于大萧条的比较之中。但是，1931年的教训只有一部分是金融或者经济方面的。1931年的危机规模如此巨大、破坏力如此严重，是因为那是一场在地缘政治舞台上演的金融剧本。