CONGRESS DECIDES IT IS WORTH RISKING ANOTHER DEPRESSION
我們首先要解決金融危機


FT首席經濟評論員沃爾夫:我們正在目睹金融體系崩潰。金融跨越時空,將不同經濟要素整合在一起。沒有金融,現代經濟無法存活。考慮解決危機導致的長期影響當然重要,但我們首先要解決危機。

It is just over three score years and ten since the Great Depression. Judged by its rejection of the plan put forward by Hank Paulson, US Treasury secretary, Congress believes it is time to risk another one. That slump was, arguably, the greatest catastrophe of the 20th century: it was, among other things, responsible for the events that led to the second world war – not least Hitler's rise. One can only imagine what horrors a depression might bring now?

這樣的惡兆看起來太誇張了。好吧,我期望,以後證明它們的確是被誇大了。但那種可怕的後果並非不可能,不是因爲一場衰退已無法避免,遠非如此,而是因爲我們需要行動來阻止它。

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