“would severely restrict the conduct of monetary policy” and would require the SNB to purchase large quantities of gold AND Euros in order to maintain the 1.2 Swiss Franc to Euro peg “which would almost certainly have caused the foreign exchange ...
In truth, I haven’t been entirely sure how to respond. Do I scare potential visitors off with the story of how I was harassed and then mugged in the streets of Aswan? Or do I skip that narrative and simply play up the beauty of a felucca ride on the Nile? Likewise, do I mention...