Print enough money and boost the price level enough, and the insolvency problem goes away without the risks entailed by putting the government in the investment and commercial banking business.

如果印制足够的货币来推高不动产价格，那么偿付能力不足的问题自然就会消失，而且也不用冒着让政府进入投资商业银行领域的危险。

© Project Syndicate 1995 – 2011

http://www.project-syndicate.org/ 15.01.2011

© Project Syndicate 1995 – 2011

http://www.project-syndicate.org/ 15.01.2011

Undervalued exchange rates are only one of the policies that countries use to boost exports and restrain imports, so that they run trade surpluses, while their trading partners (including the US) run deficits.

低估的汇率只是各国用以推动出口并限制进口的政策之一。实施这样的政策使得该国享有贸易顺差而其贸易伙伴们（包括美国）则出现逆差。

© Project Syndicate 1995 – 2011

http://www.project-syndicate.org/ 11.01.2011

© Project Syndicate 1995 – 2011

http://www.project-syndicate.org/ 11.01.2011

I think that the Fed is wrong: the fallout from the current liquidity panic means that a year from now we are likely to wish that the Fed had given a boost to spending this month.

我认为美联储的做法是错误的：当前流动性恐慌所产生的负作用意味着一年以后我们很可能希望当初美联储在这个月可以刺激消费。

© Project Syndicate 1995 – 2011

http://www.project-syndicate.org/ 23.12.2010

© Project Syndicate 1995 – 2011

http://www.project-syndicate.org/ 23.12.2010

Opening up to foreign direct investment and other non-debt capital flows may serve to boost economic growth without adverse side effects on macroeconomic volatility or a risk of crisis.

对外国直接投资和其他非债务资本流动开放可能能够促进经济增长，同时又不会对宏观经济的波动产生负面影响或者带来经济危机。

© Project Syndicate 1995 – 2011

http://www.project-syndicate.org/ 11.01.2011

© Project Syndicate 1995 – 2011

http://www.project-syndicate.org/ 11.01.2011

Boost central area to carry on the transforming the international service trade and the industry of eastern area.

推动中部地区开展承接国际服务贸易转移和东部地区产业梯度转移。

© 中国投资指南

http://www.fdi.gov.cn/index.htm 14.06.2011

© Invest in China

http://www.fdi.gov.cn/index.htm 14.06.2011