Why Not Zero?

By |2017-08-11T12:51:48-04:00August 11th, 2017|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

In the early throes of economic devastation in 1931, Sweden found itself particularly vulnerable to any number of destabilizing factors. The global economy had been hit by depression, and the Great Contraction was bearing down on the Swedish monetary system. The krona had always been linked to the British pound, so that when the Bank of England removed gold convertibility [...]