That is a message that the European Central Bank’s board members could usefully take to heart, given their announcement on August 2 that they were ready to respond to events as they unfolded but were taking no action for now. Reading Friedman and Schwartz will remind them that it is better to head off a crisis than it is to rely on one’s ability to end it.
这个教训应该被欧洲央行委员会成员们小心地铭记在心，8月2日，他们宣布已准备好应对事态的进一步发展，但在当下还没采取任何措施。读一读弗里德曼和施瓦茨的书可以提醒他们，阻止危机要比依靠一个人的力量终结它好。