When the financial crisis began to unfold in 2007, US policymakers reacted quickly out of fear that rapidly evolving events would lead to a global economic collapse. In my view, the policy response to this point has been ad hoc, resulting in inequitable outcomes among firms, creditors, and investors. Despite taking a number of actions to stabilise markets and institutions, uncertainty continues and markets remain stressed.
2007年金融危機初起的時候，美國政策制定者迅速做出了反應，唯恐迅速發展的事態會導致全球經濟崩潰。在我看來，迄今為止的政策反應一直是即興性質的，在企業、貸款機構和投資者中造成了不公平的后果。盡管采取了若干措施穩定市場和機構，但不確定性仍在繼續，市場依舊壓力重重。
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