Bagehot怎么读

Walter Bagehot, the great English economist of the 19th century, argued that in times of crisis central banks should provide liquidity only at a penalty rate.

19世纪伟大的英国经济学家沃尔特白居特（walter bagehot）曾主张，在出现危机时，央行应只按照惩罚性利率来提供流动性资金。

Under her the Conservatives shrank from a national force to a party of the rich south ( see Bagehot).

在她的领导下，保守党从一个全国性的政党沦落为南方富人阶层的政党（见“白芝浩”专栏）；

Bagehot mentions this distillatory effect in order tentatively to advance an unfashionable view.

巴杰特说起这种蒸馏效应，旨在试探性地发展一个并不受欢迎的观点。