The welfare cost of business cycles is not the cycles themselves but the inability of individuals to smooth consumption over time.
经济周期的福利成本并非周期本身,而是个体无法随时间平滑消费的能力。
全球基础设施建设需要跨国合作和资源共享。
To be a writer is to be a spy on life.
To create is to risk failure, but not to create is to guarantee it.