By contrast, a world in which the dollar has already fallen is one that may see economic turmoil, but not an economic crisis. If the dollar has already fallen – if nobody expects it to fall much more – then there is no reason to compensate global savers and investors for holding US assets.
与此形成鲜明的对照，在美元已经贬值的世界中，可能会发生经济动荡，但不可能发生经济危机。如果美元已经贬值——如果没有人认为美元还会进一步大幅缩水——那么就没有必要为持有美国资产的全球储户和投资者提供补偿。