估计穆勒和沃尔特·白芝浩��Walter Bagehot）这些十九世纪的经济学家也不会对这一规律感到惊讶，因为他们深知衰退的根源就是在财政部门。
This pattern would not have surprised nineteenth-century economists like Mill or Walter Bagehot, who understood the financial-sector origins of industrial depression.