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The great reflation will come with a nasty debt hangover .

大规模的通货再膨胀将带来令人讨厌的债务遗留问题。

One argument is that intervention may be a backdoor route to reflation .

一个说法是，干预也许会是通货再膨胀的秘密通道。

In short , the reflation trade may be based on a false premise .

从短期来看，基于错误的前提，通货再膨胀交易可能持续。

But it could achieve the same reflation , without the political risks of unilateral intervention , in other ways .

但是，在其他方面，虽没有单边干预的政治风险，这也可能导致同样的通货再膨胀。

In general , one of the commonest problems of government reflation is that the benefits leak out beyond your borders because the programme sucks in imports .

总的来说，政府通货再膨胀政策所面临的最常见问题是通过进口而导致该政策产生的福利流失到国外。