低利率意味着不公平|经济学人(5)

 Perishable ：易腐烂的;易腐败的;易毁灭的;易消亡

[原文来自：www.11jj.com]

Imperishable ：不灭的，不朽的，不会腐烂的 [原文来自：www.11jj.com]

“if… had washed …would have been”：此句“if”引导的虚拟条件从句“主语+haddone”，主句“主语+would havedone”，表示与过去事实相反的假设

"There is no absolutely necessaryreason inherent in the nature of man or things whythe rate of interest in terms of anycommodity standard should be positive rather than negative," Fisherconcluded.

“在人或物的属性中，不存在为什么以任一商品标准来表示的利率应当是正的而不是负的的绝对必然的内在理由，”费雪总结道。

in terms of：根据;用…的话;就…而言;

此句中why引导定语从句修饰reason

Two years ago, when the Bank of Japan(BoJ)began charging financial institutions for adding to their reserves at thecentral bank,its negative-rate policy was harshly criticised for unsettlingthrifty households, jeopardising bankprofitability and killing growth with "monetary voodoo".

两年前，当..银行开始对金融机构增加它们在央行的储备而收费时，

它的负利率政策受到了严厉地批评，被认为是搅乱了节俭的家庭，危及到了银行的盈利，而且还以“货币政策巫术”扼杀了增长。

 jeopardise ：危及，损害

Behind this fear and criticism was perhapsagut conviction that negative rates upended the naturalorder of things.

在这种担忧和批评的背后，可能是一种本能的认识，即负利率颠覆了事物的自然秩序。

natural order ：自然秩序

Why should people pay to save money theyhad already earned?