because the alternative – unleashing deflationary forces stored up over years of mercantilist policies – would be too painful to contemplate.
因为另一种选择——释放多年来在重商主义政策下积聚起来的通缩压力——会极其痛苦,容不得人考虑。
china is lambasted for having mercantilist policies that artificially boost exports, depress the chinese currency, restrict imports and widen america's trade and current-account deficits.