new_trader
Legendary member
- Messages
- 6,770
- Likes
- 1,656
The academic article doesn't back anything up. It makes an argument, like all academic papers do. There are many other papers that make the opposing argument. This is pretty basic.
You have used the phrase "track record", which implies that you have knowledge of specific cases. That is what I would like you to provide. If you can't provide that and instead are offering academic theory, your assertion, as you have stated it, is false. So let me ask you yet again, can you offer any specific instances of "central banks not getting it right"?
I said before and I will say it again. History is there for you to research and form your own conclusions, if you don't like the academic paper, write your own. I'm puzzled as to what led you to write this:
"On the other hand, there are tangible signs that the current valuation of CHF is causing the Swiss economy to lose industrial capacity and become over-financialized. The Swiss have seen this happen in countries like the US and they perceive this as a much more dangerous "slippery slope". So, for the moment, they unanimously choose the lesser evil. "
Correct me if I'm wrong, but doesn't the US have a Central Bank?