Bagehot

Obvious lies; a demonstrable lack of concern for the general welfare; practical truth provable to all men-Walter Bagehot.

明显的谎言；明显的对普通福利的关心；实际的真相可被所有人而言查明-沃尔特·白芝浩。

Walter Bagehot called its policies "so reckless one would think a child would have lent better".

沃尔特白芝浩称其政策“过于轻率，人们会觉得小孩来放贷也会比这做得好”。

Bagehot mentions this distillatory effect in order tentatively to advance an unfashionable view.

巴杰特说起这种蒸馏效应，旨在试探性地发展一个并不受欢迎的观点。

Walter Bagehot, the great English economist of the 19th century, argued that in times of crisis central banks should provide liquidity only at a penalty rate.

19世纪伟大的英国经济学家沃尔特白居特（walter bagehot）曾主张，在出现危机时，央行应只按照惩罚性利率来提供流动性资金。

The role of lender of last resort was classically defined by Walter Bagehot.

最后贷款人角色的经典定义是由沃尔特•白芝浩（Walter Bagehot）所下的。

Under her the Conservatives shrank from a national force to a party of the rich south ( see Bagehot).

在她的领导下，保守党从一个全国性的政党沦落为南方富人阶层的政党（见“白芝浩”专栏）；

As prices no longer give good signals, no one could really apply the Bagehot doctrine.

由于价格不再给出有效信号，没有人能真正应用白芝浩的学说。