And it would be a catastrophe if the recovery were derailed by excessive devotion to anti-inflation shibboleths, much as some central banks were excessively devoted to the gold standard during the 1920’s and 1930’s.
E sarebbe una catastrofe se la ripresa non decollasse a causa dell’eccessiva devozione ai demoni antiinflazionistici, tanto quanto alcune banche centrali sono state eccessivamente devote al gold standard negli anni Venti e Trenta.