Ever since 1825, central banks’ standard response in such situations – except during the Great Depression of the 1930’s – has been the same: raise and support the prices of risky financial assets, and prevent financial markets from sending a signal to the real economy to shut down risky enterprises and eschew risky investments.
但是，并没有这样一些安全，可靠，成熟的公司来接受了所有从风险行业中裁员的员工。一旦工资水平降低，这就意味着劳动力供过于求，局面更加恶化。一般性的通缩会导致过多的金融中介机构关门，使得过去一些安全的资产也变得具有风险。