Cumulative asset inflation from the Great Bernanke experiments onwards has brought about much malinvestment.

从伯南克时代大规模实验开始，累积产通胀导致了大量错。

But what if this subsequently turns out to be giant malinvestment?

但倘若事后证明这是巨大错，又当如何？

Government subsidies and guarantees encourage irresponsible attitudes and behavior, and thereby promote malinvestments and other wasteful uses of available resources.

政府补贴和担保助长了不负责任态度和行为，从而推动了错和其他对可用源浪费使用。

All the malinvestment spawned by the Fed's years of recent artificial credit expansion has locked in a major and painful correction at some point.

美联储近年来人为信贷扩张所催所有错，都注定了在某个时刻将迎来一次重大且痛苦调整。

More than a decade of persistent monetary inflation, including the innovation of quantitative easing and long-term interest rate manipulation, spurred huge malinvestment in the public sector activity.

长达十多年持续货币通胀，包括量化宽松和长期利率操纵创新，刺激了公共部门活动中大量错。

When it came to specific questions on inflation, the complaint was the cost of living and a related fall in living standards, the latter consistent with malinvestment.

当涉及通胀具体问题时，人们抱怨是活成本增加以及随之而来活水平下降，这与错相符。