Switzerland Still Cherishes its Traditional Neutrality
Switzerland has been a neutral country for about five hundred years. Sweden also has a tradition of neutrality, but it has recently changed its position, to its own detriment.
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Switzerland has been a neutral country for about five hundred years. Sweden also has a tradition of neutrality, but it has recently changed its position, to its own detriment.
Does it matter if a central bank is privately owned? Experience shows that the answer is