Similarly, the ECB might consider not only how monetary accommodation allowed governments to run large budget deficits in the 1920’s, but also how central bankers’ failure to respond to the financial crisis of the 1930’s fed political extremism and undermined support for responsible government. Again, rigorous analysis requires testing these historical analogies for fitness with current circumstances.
同样地，欧洲央行可能不仅要考虑1920年代的货币调节政策如何会允许政府拥有巨额预算赤字，也要考虑中央银行家们在应对1930年代金融危机时怎样激化了政治极端主义并破坏了对负责任政府的支持。再次强调一点，严格的分析需要检验这些历史类推法对当前情况的适用性。