High oil prices have encouraged fiscally irresponsible policies, like excess spending, vanity public works, subsidized imports of refined petroleum products, currency manipulation and high levels of protectionism.

高油价助长了不负责任的财政政策，比如过度支出、虚荣心强的公共工程、成品油进口补贴、汇率操纵和高度保护主义。