| You may have heard about the Swiss referendum to end fractional reserve lending by Swiss commercial banks. It’s a fascinating development for Austrians and libertarians, and it’s another example of how average Swiss people can use referenda to force both their central legislature and the twenty-six Swiss cantons to consider their proposals, merely by gathering 100,000 signatures within an 18-month period.
Here to help us understand this from a Swiss perspective is Claudio Grass, a good friend of the Mises Institute, a principal with the Swiss company Global Gold, and a Rothbardian with a great understanding of money and Banking issues. Note: the interview begins at 4:00. |
Claudio Grass is a passionate advocate of free-market thinking and libertarian philosophy. Following the teachings of the Austrian School of Economics he is convinced that sound money and human freedom are inextricably linked to each other. He is one of the founders of GoldAndLiberty.com.
He is also founder of GlobalGold Switzerland
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Keeping assets outside of the country you live is key. Switzerland remains the best jurisdiction for private property rights. Why? Because of its federalist structure in combination with direct democracy. It assures that the power of politicians is limited and that the people and not the politicians are the sovereign.
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