>Erdogan holds the unorthodox view that lower rates will tame inflation and ousted the last three central bank chiefs over a 20-month span due to policy disagreements.
One of the things I would really like to know is whether he honestly believes/believed this in the face of all the advice against it, and evidence that this graph shows against it over the course of his policies.
I’ve seen a few other proposals — that certain groups of businessmen that support him benefit from high inflation. Or that Islam’s prohibitions on charging interest affects his views. But I’ve seen no consensus that either is the case.
I’m sure that there are ways one could personally profit by manipulating a country’s inflation rate, but it seems like a visible, inefficient, and damaging way to do so, so I have a hard time believing that’s the motivation.
Do turks in Turkey start to resent their diaspora at this point ? You know those fucks who act ultranationalistic and then go on holiday to the homeland to act all superior…
To Weimar.
To Zimbabwe.
To Venezuela
To infinity.
And beyond.
*Turkish Monetary Space Program*
That’s what happens when politicians use the Central Bank as a political tool to promote their political agenda. There is a reason why the Central Bank ought to be independent of political influence.
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Isn’t the euro slightly depreciating too compared to other major currencies? Turkish liras aren’t doing good at all if that’s the case…
Imagine when buying euros feels like learning about a meme coin early on.
No doubt large amounts of capital are shifting into cryptocurrency and tokens.
That will move the local currencies down.
One of the main reasons for the relative weakness of the yen, Australian dollar, Euro and the pound sterling.
🚀🚀🚀🚀🚀🌚🌚🌚🌚
Turkey’s economy is down. it is all about that.
https://www.reuters.com/world/middle-east/will-erdogan-get-more-cuts-four-questions-turkeys-central-bank-2021-11-17/
>Erdogan holds the unorthodox view that lower rates will tame inflation and ousted the last three central bank chiefs over a 20-month span due to policy disagreements.
One of the things I would really like to know is whether he honestly believes/believed this in the face of all the advice against it, and evidence that this graph shows against it over the course of his policies.
I’ve seen a few other proposals — that certain groups of businessmen that support him benefit from high inflation. Or that Islam’s prohibitions on charging interest affects his views. But I’ve seen no consensus that either is the case.
I’m sure that there are ways one could personally profit by manipulating a country’s inflation rate, but it seems like a visible, inefficient, and damaging way to do so, so I have a hard time believing that’s the motivation.
Do turks in Turkey start to resent their diaspora at this point ? You know those fucks who act ultranationalistic and then go on holiday to the homeland to act all superior…
To Weimar.
To Zimbabwe.
To Venezuela
To infinity.
And beyond.
*Turkish Monetary Space Program*
That’s what happens when politicians use the Central Bank as a political tool to promote their political agenda. There is a reason why the Central Bank ought to be independent of political influence.
We are fucked
To the moon