the big question: where is that level where the debt supercycle must end?
摆在我们面前的一个重大问题是:情况要发展到什么水平,债务超级周期将不得不宣告终结?
must the debt supercycle come to an end by crashing and burning or does the world keep breathing with a whimper instead of a bang?
此前的债务超级周期是否应任其彻底清算,让世界浴火重生,而不是茍延残喘?
the debt supercycle is a simple idea: sound economic policy requires deficit spending and stimulus efforts to stop financial crises and restore economic growth.
债务超级周期的概念很简单:有效的经济政策需要赤字支出和刺激性措施来阻止金融危机、恢复经济增长;