But the presumption in favor of light financial-sector regulation now has few defenders. The consensus view is rather that of William McChesney Martin, who served as US Federal Reserve Chairman from 1951 to 1970: a good central bank prevents speculative excess by “taking away the punchbowl before the party really gets going.”
最后，央行依然准备介入银行防止挤兑。但是现在几乎没有人支持财政部门进行温和的调节了。大家的一致看法反而是威廉·麦卡切斯尼·马丁的观点。此君在1951年至1970年间担任美国联邦储备系统的主席，他认为好的央行通过“在聚会真正开始前就把潘趣酒的酒碗拿走”来防止过度投机。