Mises Wire
Author:
Alex J. Pollock
Paul H. Kupiec
Online Publish Date:
This article was originally published by Law&Liberty. The Swiss National Bank’s (SNB) financial statements for the nine months ending September 30, 2022, show a bottom-line loss of US$150 billion. A number to get your attention! Under the strong financial discipline of its charter act, the SNB must mark its investments to market, and reflect any