The Swiss Franc and The Tragedy of the Euro
Economist Philipp Bagus talks with us from Europe about the Swiss franc, the euro, and what the future holds for the debt-laden governments of the Eurozone.
Economist Philipp Bagus talks with us from Europe about the Swiss franc, the euro, and what the future holds for the debt-laden governments of the Eurozone.
Backed into a corner and facing grim economic prospects, the Russian government may conclude that its best bet is to adopt some type of gold standard. The resulting panic in the West would be interesting to watch.
The European Central Bank plans to ramp up its own version of quantitative easing because it fears deflation. But deflation really means an increase in real wealth and an end to many malinvestments.
The European Central Bank is ramping up its easy-money policies in an effort to spur inflation, which it hopes will improve the economy.
The European Central Bank is ramping up its easy-money policies in an effort to spur inflation, which it hopes will improve the economy. The wealthy and powerful will benefit from this, but most everyone else is in big trouble.
Money is an odd book. “Moderation” in the use of a bad measure is no virtue. If cyanide is poison, “drink in small doses” is not the appropriate response. Money falls exactly into this bad pattern.
The Swiss central bank's decision to let the Swiss franc find its market value (compared to the euro) was predictable, yet it has caused instability for Swiss markets. Meanwhile, the peg never helped the Swiss economy.