Mises Wire
Author:
Joseph T. Salerno
Online Publish Date:
There has been much hand wringing among popular blogger-economists in response to the breaking of the Euro peg by the SNB. Tyler Cowen , Paul Krugman , and Scott Sumner all lament the loss of “credibility” by the SNB in the wake of its sudden change of policy regime and they darkly hint at dire consequences for the Swiss economy. But the problem