But credit cards, payday or other high-interest predatory loans, and money borrowed to pay for a depreciating asset — that's bad debt.

但信用卡、发薪日贷款或其他高息掠夺性贷款，以及为支付贬值资产而借的钱——都是坏负债。

Profits have, it is true, been higher in America since the financial crisis of 2007-09 than in previous decades, especially if you consider free cashflows, which account for the changing way companies depreciate assets (see chart 3).

的确，自2007-09年金融危机以来， 美国的利润一直高于前几十年，特别是如果你考虑自由现金流，这是公司折旧资产方式变化的原因（见图3）。