Opponents of central-bank intervention are right about one thing: monetary financing carries serious risks. In order to ensure that it is as safe and effective as possible, it must be used primarily&nbsp;in the event of self-fulfilling debt crises.
中央银行介入的反对者们在一件事情上是正确的：货币融资也附带有严重的风险。为确保其尽可能地安全和有效，就必须主要被用在这类自证性危机中。