What is worse, the argument goes, the expectation of monetary financing would drive governments to borrow excessively. This could trigger a vicious circle of mounting debt and uncontrollable inflation, with devastating consequences.
该观点认为，更糟糕的是，这种货币融资的预期将推动政府过度借贷。这将引发一个债务不断堆积且通胀失控的恶性循环，并带来极其恶劣的后果。