The other road is a lot less attractive. With insufficient endogenous healing and no economic escape velocity, the effectiveness of central banks’ policies wanes and political dysfunction increases, leading to financial losses, volatility spikes, and huge risk-management challenges.
另一条路就要差一些。内生复苏不足以及经济达不到逃逸速度将使央行政策的效应消失殆尽，让政治僵局恶化，导致金融损失、波动性激增和大规模风险管理风险。