That is no longer true. The world in the future will be a riskier place than we thought it was – not because government will no longer offer guarantees that it should never have offered in the first place, but rather because the real risk that one’s customers might vanish in a prolonged depression is back.
这一点已不再成立。未来世界的风险将比我们所认为的更高，这并不是因为政府将不再给出一开始就不应该给出的担保，而是因为长期萧条使得客户流失的真实风险卷土重来。