Yesterday the BBC wrote about the "Swiss Gotthard rail tunnel - an engineering triumph", the world's longest and deepest rail tunnel -- part of a massive project to build world-class rail network for Switzerland. It included a typical graphic for these kind of articles. Note what major nation does not appear on the list, and … Continue reading Watch other nations build infrastructure for 21st C prosperity. We can, too.
Summary: Why should we care about the problems of the Swiss National Bank and their currency management policy? Because they grapple with two of our time's great economic policy issues -- both important to us: the strength of a nation's currency and the credibility of its central bank. We should watch and learn from their … Continue reading Why the Swiss National Bank’s broken policy matters to you
Summary: Today began the next phase of the great monetary experiment, the collision of Central Bankers' bold promises with reality. History suggests skepticism about the odds of CB's success (e.g., see the many unbreakable currency pegs and unions which broke). Today the Swiss National Bank folded its cards. Here we discuss the significance of this … Continue reading Today began the next phase of the great monetary experiment, as reality plays a trump card.