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Guess what, monetary policy about managing your personal check book. The SNB acted pretty well, one of the best in the world and the Swiss economy was much bett
by nickik 8y ago
Guess what, monetary policy about managing your personal check book. The SNB acted pretty well, one of the best in the world and the Swiss economy was much better of then most comparable countries because we could devalue when people like drove up the demand for CHF and almost pushed Switzerland in a deflation. That might be good for your check book but it would be a disaster for the economy.
- xiphias2 8y agoIt's bad for exporters, great for everybody else in Switzerland. Anyways I didn't own any fiat since then, but of course living with the volatility of other assets have their downsides. I'll move back partly to fiat, as it still has its advantages.
- nickik 8y agoIts not bad for exporter, the opposite actually. Exporters were the people wanting expansionary monetary policy because high CHF made their products more expensive. In fact this was great for the majority of people as nobody profits in the long run from a deflationary spiral.