We are not living in 1907, when the gold standard limited the ability of central banks to supply additional liquidity. Nor, following the fastest five-year period of economic growth in human history, are collapsing prices endangering the financial system, as they did during the Great Depression.
上述两个表面上的历史先例都不让人信服。我们并非活在央行注入额外流动资金的能力受限于黄金标准的1907年；而且，在经历了人类历史上经济发展最快的五年之后，金融体系也并没有像大萧条时期那样因价格崩溃而受到致命威胁。