Politicians and financial market players are fond of blaming one another, but they are really quite similar. Each believes they should be perpetually taking action, one to purportedly solve societal ills and the other to churn a profit. Similarities around Money The Swiss couldn't take it anymore. They had already printed billions of francs in an effort to keep their currency on par with the declining euro, and now the European Central Bank (ECB) is about to dig deeper, all because the politicians (and importantly their constituents) cannot or will not deal with the structural issues. The distortions from intervention will reverberate since the ECB is buying low risk bonds, leaving higher risk bonds in immense jeopardy.Politicians and fin...