Submitted by Pater Tenebrarum of Acting-Man blog,
Switzerland’s Keynesian Dunderheads
There is an initiative underway in Switzerland to once again increase the gold backing of the Swiss Franc. Readers may remember that the Swiss Franc was the currency that held out the longest with an almost 100% gold backing. Then came the 1990s and plenty of political pressure, until the Swiss buckled and began to sell most of their gold – at ridiculously low prices, natch.