I'll review again these different notions of money supply.

先来再次回顾一下货供给的不同概念。

And let's say that this is the money supply.

我们把这个叫做货供给。

" Will increase in the money supply boost output or just increase inflation" ?

" 增加货供应会增加产出还是仅仅增加通货膨胀" ？

The agency oversees all U.S. banks, ensuring the money supply is stable.

该机构负责监督所有美, 确保货供应稳定。

Oversees one of the world's biggest money supplies, but lacks political independence.

管理着世界上最大的货供给之一，但缺乏政治独立精神。

And this is what people say when they talk about the money supply.

这是人们说到货供应时会认为自己所拥有的钱。

So it increases the money supply.

从而导致货供给增加。

When The Fed boosted the money supply again, that raised inflation expectations even more.

当美联储再次提振货供应时，进一步提高了通胀预期。

So in this case, we're not fixing the money supply.

这样的话 我们并不是在固定货供给。

An increase in the money supply can have two effects.

货供应量的增加会产生两个影响。

It would also harm other central banks' ability to control their money supplies.

也会损害其他中央控制其货供给的能力。

It's responsible for implementing monetary policies, basically the Fed controls the country's money supply.

负责实施货政策的美联储基本上控制内的货供给。

I would like to expand the money supply.

它说 我要增加货供应量。

And as we'll see soon, that actually increases the money supply when you do that.

我们很快会看到 实际上这样做会增加货供给。

Now, a slightly broader definition of the money supply.

现在 再扩展到更广义的货供给。

And the government did little to control the national money supply, even when the economy faced disaster.

即使在经济面临灾难的时候，政府也很少控制家的货供应。

His name was Paul Volcker. He actually cut the money supply and raised interest rates dramatically.

他的名字叫保罗·沃尔克。实际上，他削减了货供给，并大幅提高了利率。

So in this example right now, our base money supply is 200-- let's call it dollars now.

在刚才的例子中 基础货供给为200我们现在把单位设为美元。

As a result, international banking and finance organizations suspended international financing services and cut off money supplies.

结果，际和金融组织暂停了际金融服务，并切断了资金供应。

So that's the base money supply.

这就是基础货供给。