在最糟糕的情况下，劳动力市场的衰退也只能给社会不大的效率问题，但资本市场的衰退则会极大地损害社会，而受损最严重的是工人，而不是金融灾难的罪魁祸首。
At worst, labor-market failures impose modest inefficiency costs on society, whereas capital-market failures harm society greatly, with workers, rather than the perpetrators of financial disaster, suffering the most.