increase output by 20%.

工作量提升20%
And so he was one of the leading proponents of prohibition.

然后他成了推广禁酒的一名先锋
So after the stock market crash

经过股票市场的大败后
he helped form the Cowles Foundation.

他得到Cowles Foudation的帮助
So Cowles, who was a Yale undergraduate,

Cowles是一名耶鲁的毕业生
had run a very famous macro forecasting company in the 1920s.

在19世纪20年代运营着一间宏观预测公司
And in 1929 the stock market crashed.

在1929股票市场崩盘
There were a whole series of these.

当时有很多类似的公司
They sent newsletters.

他们在报章上发表见解
The same kind of stuff they do now.

就像现在我们看到的一样
He, unlike all the others, after the fact realized that

他不像其他人在股票事件后
he hadn't anticipated anything about the crash,

他意识到自己完全没有预测到这次崩盘