So, the prescription goes, why not generate higher inflation for a while? This will surprise fixed-income investors who agreed in the past to lend long term at low rates, bring down the real value of debt, and eliminate debt “overhang,” thereby re-starting growth.
于是，药方来了：为什么不让通胀飞一会儿呢？这会让过去愿意以低利率借长钱的固定收益投资者大为惊诧，拉低债务的实际价值，消除债务“宿醉”，从而重振增长。