If anyone will study the causes of retarded recuperation in Europe, he will find much of it due to the stifling of private initiative on one hand, and overloading of the Government with business on the other.

• 如果有人研究一下欧洲复原迟缓的原因，他将发现主要是由于一方面扼杀了私人的积极性，另一方面政府经营管理的担子太重。