The third point to be considered,

第三点要考虑的是
and it's getting a bit ahead of our story tomorrow,

这有点比我们明天要讲的还要超前了
is that there is no--

即没有
is that one has to very carefully consider the cost

即人们必须仔细考虑
to the government of contemplated actions.

政府预期行为的代价
People talk about bailouts in a rather indiscriminate way,

人们总会随口谈论紧急救助
but it is a very different thing for me to loan my friend, John,

但借1000美元给我朋友约翰和
$1,000 than for me to give my friend, John, $1,000.

给我朋友约翰1000美元是完全不同的两回事
If I loan my friend, John,

如果我借款给约翰1000美元
$1,000 at a premium interest rate

以超过我借钱成本的
that exceeds the cost at which I borrow,

溢价利率来计算的话
it may even be profitable for me

对我而言借钱给我朋友约翰