Oddbean new post about | logout
 Hey bud. Your energy seems a bit "gotcha!" when nothing they said contradicts what we know to be true a out central banks and devaluing fiat currency. You okay?

To answer your question. The value of one fiat only went "up" as measured by another fiat. The reality is they both fell in value, the Swiss frank just fell more gradually compared to the Euro that Austria was using. Both lost value to Gold however.