In Japan, too, borrowers are scarce. 在日本,借钱的人也是几乎没有。 Private non-financial companies, which ought to play the role, have instead been lending to the rest of the economy, acquiring more financial claims each quarter than...
In Gesell's story, unlike Fisher's, storing wealth requires considerable effort and ingenuity. 在格塞尔的故事中,不同于费雪的是,储存财富需要巨大的努力和心灵手巧。 Meat must be cured. 肉必须加以处理。 Wheat m...
(A sailor who had already depleted his supplies, leaving him with no additional hardtack of his own to eat today, would be in no position to repay borrowed biscuits either.) (早已耗尽了自身供给,让自己今天没有额外的干粮吃的船员...
Finance and Economics 财经 Free exchange 自由交流 Negative justice 负公平 Sub-zero interest rates are neither unfair nor unnatural. 负利率既非不公平也非不自然。 DENMARK'S Maritime Museum in Elsinore includes one particularly un...
What explains the sudden turmoil? 何以解释这场突如其来的动荡呢? Perhaps investors had been used to good news for so long that they had become complacent. 也许,投资者已经习惯于好消息太久了,以致他们已经变得有些...
Finance and economics 财经 Markets: Boo! 市场:哈! After a long period of calm, investors get a shock. 一阵平静过后,投资者们受一重击。 Every good horror-film director knows the secret of the jump scare. 每位优秀的恐怖片...
That might lead to a different kind of dystopia (also with historical antecedents): one in which fast, functional transport is available only to those who can pay. 这可能会去往一个不同的非理想之地(也有历史先例):在那里,快...
But reductions in traffic will make living in currently congested areas more attractive and hence morepopulous. 但是,交通拥堵的缓解将使现有拥堵的区域更有吸引力,因此人口会更加密集。 Miles travelled per person might...
Regrettably, clumping leads to crowding: the more people an area houses, the greater the competition for its scarce resources, 遗憾的是,聚集带来了拥堵:一个区域住了越多的人,稀缺资源的竞争越激烈, from seats at a h...
Finance and Economics 财经 Free exchange: Jam tomorrow 自由交流:堵在明天 Driverless cars will not save cities from either traffic or infrastructure expense. 无人车不会将城市从滚滚的车流和基础设施耗费钱财中拯救出来...