3 September 2018

Interview with Mark Schorer in Börsen-Zeitung

In this interview, published in Börsen-Zeitung on 8 June 2018, Bill answers questions related to the Swiss referendum (the “Vollgeld” initiative) on whether a “narrow money”regime should be introduced in Switzerland. He agrees that the current fiat money system in place almost everywhere has serious deficiencies. Thinking carefully about how it might be improved or even replaced is a worthwhile endeavour. That said, replacing the current Swiss system with one so radically different, and at such short notice, coud result in unintended and undesired consequences. The interview in German, and the English translation, can be found below.