Fiscal competition and economic freedom


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Philipp Bagus

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The fatal profit of the Swiss National Bank

by Philipp Bagus    15 February 2018    0

The Swiss National Bank (SNB) has recently published a record profit of staggering 54 bn. Franken or €46 bn. The central bank´s profit is equivalent to 6,600 Franken for every Swiss citizen. In a market economy, profits are the sign of successful economic action. Does this mean that the Swiss (...)