Thomas Jordan: "Darum schadet Vollgeld der Schweiz" (Why Sovereign Money Harms Switzerland) - Schweizerische Nationalbank (Swiss National Bank) 00:10:00
Thomas Jordan is a prominent Swiss economist who has served as Chairman of the Governing Board of the Swiss National Bank (SNB) since 2012. Born in 1963, Jordan has a distinguished academic background with a Ph.D. in economics from the University of Bern, where he also completed his habilitation. His expertise lies in monetary economics, financial stability, and economic policy. Jordan's career at the SNB began in 1997, and he has held various key positions, including head of the Financial Markets division and member of the Governing Board. Under his leadership, the SNB has navigated significant economic challenges, including the European debt crisis and the COVID-19 pandemic. He is recognized for his contributions to maintaining price stability and ensuring the robustness of the Swiss financial system. In his May 3, 2018 address titled "Darum schadet Vollgeld der Schweiz" (Why Sovereign Money Harms Switzerland), Jordan argued against the Vollgeld initiative, a proposal to implement a sovereign money system in Switzerland. He emphasized the potential risks and adverse effects on the Swiss economy, advocating for the preservation of the existing monetary framework.