· While the central bank should stand ready to intervene to prevent bank runs, it should let the financial sector run itself with a light regulatory hand, viewing itself not as a chaperone but rather as the designated driver in the case of speculative excess.
· 当央行准备好介入银行预防挤兑时，它也应该只对金融领域实施温和的调控，把自身视为过度投资中的方向掌控者而不是监督人。