[9급 국가직 영어 2010년 5번]

Many of the greatest economic evils of our time are the fruits of risk, uncertainty, and ignorance. It is because particular individuals, fortunate in situation or in abilities, are able to take advantage of uncertainty and ignorance, and also because for the same reason big business is often a lottery, that great inequalities of wealth come about. And these same factors are also the cause of the unemployment of labor, or the disappointment of reasonable business expectations, and of the impairment of efficiency and production. Yet the cure lies outside of the operations of individuals. I believe that the cure for these things is partly to be sought in the deliberate control of the currency and of credit by a central institution, and partly in the collection and dissemination of data relating to the business situation including the full publicity, by law if necessary, of all business facts which it is useful to know. Even if these measures prove insufficient, they will furnish us with better knowledge than we have now for taking the next step.