He wrote that, "government actions and interventions, not any inherent failure or instability of the private economy, caused, prolonged, and worsen the crisis."
政府の活動と干渉は危機の原因となり、世界金融危機を長引かせ、悪化させる（"Government actions and interventions, not any inherent failure or instability of the private economy, government actions, caused, prolonged, and worsened the crisis"）。