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单词 compensating effect
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就业、利息和货币通论(上)

We should not conclude from this that everything depends on waves of irrational psychology. On the contrary, the state of long-term expectation is often steady, and, even when it is not, the other factors exert their compensating effects.

我们不应该由此得出结论,一切都取决于非理性心理的浪潮。相反,长期预期的状态往往是稳定的,即使不稳定,其他因素也会发挥补偿作用。

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