The nature of the bubbles induced by fractional-reserve banking
部分准备金制度引起的泡沫之本质
Entrepreneurs induced by artificially low interest rates engage in new investment projects that the lower interest rates suddenly make look profitable .
较低的利率突然变得有利可图，企业家被在从事的新项目中人为性的低利率引诱。
Greece , on the other hand , cannot rely on favourable external conditions and is already in a deep , fiscally induced recession .
而希腊，从另一个角度说，不可能依赖如此有利的外部环境，希腊也已深陷入一场由财政方面引起的萧条之中。
In the following , tyler cowen focuses on the misallocation of risk due to government induced moral hazard .
下文，tylercowen将着眼政府分配不当风险所引起的道德风险问题。
Protests induced by austerity also attract far more participants than demonstrations sparked by other causes .
