Wednesday, 5 January 2011

Effecting Currency

This article, from Money Week, explores the effect of politics and uncertainty on the currency markets. Would Interactive Democracy undermine these markets, and the countries international trading prospects, by begetting uncertainty?

Who knows? But Switzerland has operated Direct Democracy for many, many decades and is renown for its stability and economic success. Is this due to a culture of conservatism (as opposed to radicalism) or is it a function of a political system that balances power between leaders and voters?

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