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Isn't there a simpler solution: You want CHF? Sure, let me print some for you. Here you are. Want more? I will print more.

If people noticed that the SNB would be willing to print, they would lose trust in the CHF as a store of value... No?

The SNB would just have to print enough to defray the craziness but not too much. It seems to me that they are in the better situation: Printing to lower the value of the currency not because they are in debt and need to service it.

???

by cagatacos on Fri Aug 12th, 2011 at 03:30:16 PM EST
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