Mary218 Wrote:
Feb 02, 2013 8:51 AM
Thanks for this news, but it's sad to see the Swiss have tied their franc to any currency. It's my understanding that Chile has not done that, and it is doing great economically. Of course, Chileans learned the hard way about currencies years ago and reigned in their big government. Trying to keep the marxist model of socialism going past the point of bankruptcy seems to be the underlying motive in most of Europe, the US and Japan. Clueless academics now in charge of monetary policy are experimenting with the 'if we all debase together, this time will be different'.