Right now, however, the US government can manufacture “safety” out of thin air merely by printing bonds. The government, too, would then win by pocketing that 6% per year of value – though 30 years from now, bondholders who feel like winners now would most likely look at their portfolios’ extraordinarily poor performance of over 2011-2041 and rue their strategy.
不过，眼下美国政府可以仅凭印债券创造“安全”。于是，政府也是赢家，它可以在未来30年内将每年6%的价值收入囊中。那些现在自视为赢家的债券持有者很可能会在2011—2041年期间看到自己的投资组合表现奇差无比，为现在的策略后悔不迭。