The secret of Swiss prosperity according to Charles Gave

President of the Institut des Libertés, a liberal-conservative think tank in Paris, entrepreneur, financier and essayist Charles Gave presented his vision of Swiss economic success in a YouTube broadcast last December.

To address what many call the «Swiss miracle,» Charles Gave begins by noting that this country was «one of the poorest in Europe as recently as a century and a half ago.» Yet one thing is clear: the Swiss economy is doing very well today—in any case, much better than that of its European neighbors—in several respects.

First, explains the businessman—who is joined on set by his daughter, Emmanuelle Gave—the Swiss «have current account surpluses, which means they sell more abroad than they buy.» Second, he adds, inflation in Switzerland is much lower than in