An increase in the money supply can have two effects.

币供应量的增加会产生两个影响。

Boosting the money supply and dropping interest rates to practically zero.

增加币供应量，将利率几乎降至零。

The Fed Chairman, Paul Volker, decreased the money supply, causing interest rates to shoot up.

于是美联储主席保罗·沃尔克(Paul Volker)减币供应量，导致利率飙升。

I would like to expand the money supply.

它说 我要增加币供应量。

That the Fed wants to expand the money supply.

亦即它想要扩大币供应量。

So then we said, how much money is in the system?

那么在整个系统币供应量有多呢?

Industrial output and fixed-asset investment also decelerated last month while the expansion in broad money supply remained steady.

工业产出和固定资产投资也在上个月放缓，而广义币供应量的增长保持稳定。

Some economists also see increasing money supply as another major cause of inflation.

一学家还将币供应量增加视为通膨胀的另一个主要原因。

So, is Milton Friedman's theory always right, that increasing money supply causes prices to increase?

那么，米尔顿·弗里德曼的币供应量增加导致价格上涨的理论总是正确的吗？

When the Fed lowers interest rates, the money supply increases.

当美联储降低利率时，币供应量增加。

Another example is to increase the money supply in the market.

另一个例子是增加市场上的币供应量。

It is a way of depriving governments of the power to expand the money supply to inflationary levels.

这是剥夺政府将币供应量扩大到通胀水平的权力的一种方式。

That monetarist rule was influential until the 1980s, when the relationship between money supply and gdp broke down.

直到 1980 年代， 币主义规则一直具有影响力，当时币供应量与 GDP 之间的关系破裂。

In the 1960s Milton Friedman called for central banks to increase the money supply by a set amount every year.

在 1960 年代，米尔顿·弗里德曼 (Milton Friedman) 呼吁中央银行每年增加一定数量的币供应量。

To give the economy a boost, the Chinese announced a round of spending to help the economy and added to the money supply.

为提振，中国宣布一轮支出以帮助并增加币供应量。

The leading classical economists understood that contractions in the money supply could create reduced production, and correspondingly increased unemployment, at a given time.

主要的古典学家明白，币供应量的收缩可能会导致生产减，并在特定时间相应地增加失业率。

There is no example in recorded history in which a government increased the money supply ten-fold in one year without prices going up.

在有记载的历史上，还没有政府在一年内将币供应量增加十倍而物价却没有上涨的例子。

In the modern era of paper money, increasing the money supply is a relatively simple matter of turning on the printing presses.

在纸币的代时代，增加币供应量是打开印钞机的相对简单的事情。

Theoretically, the government could have increased the money supply to bring the price level back up to where it had been before.

从理论上讲，政府可以增加币供应量，使物价水平回到之前的水平。

In the four years following the great stock market crash of 1929, the money supply in the United States declined by a staggering one-third.

1929 年股市大崩盘后的四年里，美国的币供应量下降惊人的三分之一。