Swiss bank vows to hold franc down

In a central bank world gone mad, even the traditionally staid Swiss National Bank is devaluating their currency, the Swiss franc.  Yes, it's a quick-fix for exporters to remain competitive, but this race-to-the-bottom currency war will ultimately destroy citizens' purchasing power and standard of living, because of higher prices for imports.

http://www.ft.com/intl/cms/s/0/23278860-f5df-11e1-bf76-00144feabdc0.html#axzz25UEuG5zZ