But in the last seven years, since central banks in developed countries pushed down their base rates almost to zero, we have seen a First-World version of financial repression. A recent research report from the insurer Swiss Re describes who has won and lost as a result, and questions the sustainability of the policies pursued by institutions such as the United States Federal Reserve, the European Central Bank, and the Bank of England.
但在过去七年中，自发达国家央行将基准利率削减至近零水平以来，我们看到第一世界也开始了金融抑制。瑞士再保险公司（Swiss Re）的一篇最新研究报告研究了谁是这一政策的赢家和输家，并质疑美联储、欧洲央行和英格兰银行等机构所采取的政策的可持续性。