Of course, caution is appropriate in order to avoid claiming too much for the benefits of short-run consolidation. After all, the current American and European economies differ in important ways from the other post-war cases – size, simultaneous consolidation in many countries, already-low interest rates, and the dollar’s status as the main global reserve currency.
当然，谨慎点不会错，以免夸大了短期整合的好处。毕竟，当前美国和欧洲经济体与其他战后国家在诸多重要方面大相径庭——规模、多国同时实施紧缩、已经很低的利率，以及作为全球主要储备货币的美元。