To tighten or not to tighten – that is the question. It is one to which policymakers have started changing their answers. Are they right to do so? That is the issue addressed in the Financial Times this week, echoing the fierce debates of the 1930s. If arguments for tightening are correct, failure to do so would bring fiscal and financial shocks in some of the world's most important countries. If arguments for tightening are false, decisions to do so threaten recovery and might trigger further financial shocks.
緊縮還是不緊縮——在這個問題上，政策制定者已開始了改變自己的答案。他們這麼做是否正確？這是英國《金融時報》本週探討的議題，就像是上世紀30年代激烈討論的重演。如果支持緊縮的論點是正確的，那麼不實行緊縮，就會給一些全球最重要的國家帶來財政和金融衝擊。如果支持緊縮的論點是錯誤的，那麼決定緊縮就會危及復甦，可能還會觸發進一步的財政危機。
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