favored the second possibility.

而哈罗德.布鲁偏向于后者
But anyway, it's collateral that they're putting up for the loan.

不管如何这都是他们所协定的抵押物
So there's collateral.

好了抵押物确定了
So now what we found is that Shakespeare has understood the

从这点我们可以发现莎士比亚已经
impatience theory of interest.

理解了利息的迫切理论
You've got an impatient borrower and a patient lender,

借钱人很迫切出借人很耐心
and it's the tradeoff between patience and impatience which is

这两者间的平衡
going to decide what the rate of interest is.

最终形成了双方间的利率
So that's already Irving Fisher's biggest message.

所以这就是欧文.费雪的重大发现
And then the second thing he's noticed,

而另一件被他忽视
which Irving Fisher didn't notice at all,

却被莎士比亚发现的事就是
and this is going to be a large part of the rest of the course,

这部分将贯穿我们这节课的后半段