关于金融市场的书，这本是新出的而且评价极高：John H. Cochrane 写的《物价水平的财政理论》（The Fiscal Theory of the Price Level）https://press.princeton.edu/books/hardcover/9780691242248/th...
re: financial market books, this one is new and highly regarded "The Fiscal Theory of the Price Level" by John H. Cochrane https://press.princeton.edu/books/hardcover/9780691242248/th...
我建议对这个话题感兴趣的人去读读物价水平的财政理论（Fiscal Theory of the Price Level）。我半开玩笑地把它称作“去除了魔法的现代货币理论（MMT）”。但它确实很好地解释了我们当前的处境。当你背着长期固定利率房贷时，实际上只有一部分价值被还清了……
I encourage people interested in this topic to read up on the Fiscal Theory of the Price Level. I flippantly refer to it as "MMT without the magic". But it really did a good job of explaining our current situation. When you have a long-term fixed rate mortgage, only some of the value is paid off…
> “眼下这轮通胀，正是物价水平财政理论能够轻松解释的那种事件。逻辑很简单：美国政府印了大约 3 万亿美元现金直接给大家发支票；又借了 2 万亿美元，再给大家发了更多支票。” —— John H.……
> “The current inflation episode is just the kind of event that the fiscal theory of the price level can easily describe. It’s simple. The US government printed up about $3 trillion of money and sent people checks. It borrowed an additional $2 trillion of money and sent people more checks.” — John H.…
关于金融市场的书，这本是新出的而且评价极高：John H. Cochrane 写的《物价水平的财政理论》（The Fiscal Theory of the Price Level）https://press.princeton.edu/books/hardcover/9780691242248/th...
re: financial market books, this one is new and highly regarded "The Fiscal Theory of the Price Level" by John H. Cochrane https://press.princeton.edu/books/hardcover/9780691242248/th...
我建议对这个话题感兴趣的人去读读物价水平的财政理论（Fiscal Theory of the Price Level）。我半开玩笑地把它称作“去除了魔法的现代货币理论（MMT）”。但它确实很好地解释了我们当前的处境。当你背着长期固定利率房贷时，实际上只有一部分价值被还清了……
I encourage people interested in this topic to read up on the Fiscal Theory of the Price Level. I flippantly refer to it as "MMT without the magic". But it really did a good job of explaining our current situation. When you have a long-term fixed rate mortgage, only some of the value is paid off…
> “眼下这轮通胀，正是物价水平财政理论能够轻松解释的那种事件。逻辑很简单：美国政府印了大约 3 万亿美元现金直接给大家发支票；又借了 2 万亿美元，再给大家发了更多支票。” —— John H.……
> “The current inflation episode is just the kind of event that the fiscal theory of the price level can easily describe. It’s simple. The US government printed up about $3 trillion of money and sent people checks. It borrowed an additional $2 trillion of money and sent people more checks.” — John H.…