Mises Wire
Author:
Mihai Macovei
Online Publish Date:
In January 2015, the Swiss National Bank (SNB) unexpectedly removed the de facto peg of the franc to the euro. The move was welcomed by free-market economists, including in contributions on Mises Wire . It was deemed that the short-run adjustments to the Swiss economy triggered by the appreciation of the franc were preferable to the macro-economic