Top articles from January explore the recent oil price plunge, the fundamental utility of bitcoins, what the recent moves by the Swiss National Bank (SNB) mean for the interplay between central banks and markets, and offer some revealing charts on deflation and other topics.
One of my favorite journalists makes the case that the Swiss central bank is a hedge fund with a small country appended to it.
The recent scandal that led Swiss National Bank chairman Philipp Hildebrand to resign highlights the difference between what is legal and what is ethical. The law tells us what we “can and cannot do,” whereas ethics tells us what we “should and should not do.”
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