BERKELEY – At the end of 2008, as the financial crisis hit with full force, the countries of the world divided into two groups: those whose leaders decided to muddle through, and China. Only the Chinese took seriously Milton Friedman’s and John Maynard Keynes’s argument that, when faced with the possibility of a depression, the first thing to do is use the government to intervene strategically in product and financial markets to maintain the flow of aggregate demand.
伯克利——2008年末，在金融危机面目最为狰狞的时候，世界各国分裂为两个阵营：一方在得过且过，另一方是中国。只有中国深入贯彻了米尔顿·弗里德曼和约翰·梅纳德·凯恩斯的精神——当面临萧条威胁的时候，当务之急是政府战略性干预产品和金融市场，以维持总需求水平。