来自《耶鲁大学开放课程：金融理论 第8集 第8集》

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  but the present discounted value of this thing has to be
  但是当前折现现值和你刚开始的
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  the same as where you started.
  要相等
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  So the effect is the young borrowers are going to be
  影响就是年轻的借款人需要
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  spending a lot more in real goods when they're young and a
  在年轻的时候花支付多的钱
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  lot less when they're old.
  老了之后支付较少的钱
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  So inflation has an unfortunate impact on mortgages quoted in
  因此在名义货币下通胀对抵押债券有不利影响
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  nominal dollars that it makes the repayments happen earlier.
  因为这让支付发生的更早
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  So the young who have less money are having to pay a huge
  因此没钱的年轻人要支付一大笔
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  amount, and when they get old the
  当他们老了之后
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  inflation's so high that that same 6,000 dollars is
  通胀非常严重 同样的6000美元
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  practically nothing.
  几乎就是一文不值
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  So when they're 50 and 60 they're paying
  当他们50到60岁时