First, there was no automatic deflationary pressure following from some alleged peculiarity of the adjustment mechanism. The question of overall deflationary – or inflationary – impact depended (and still depends) on the total quantity of money.
首先，并不存在因某些所谓的调整机制的特征所导致的自动通缩压力。整体通缩——或通胀——影响的问题取决于（过去是，现在仍是）货币总量。