> Turkish lira is steadily inflated over the last 30-40 years, well over 10% and recently over 50%.
Because the authoritarian government took over the previously independent central bank and lowered interest rates. Higher inflation was predicted by mainstream economists, and they were right.
Because the authoritarian government took over the previously independent central bank and lowered interest rates. Higher inflation was predicted by mainstream economists, and they were right.
* https://www.aljazeera.com/news/2021/3/20/turkeys-erdogan-sac...
* https://en.wikipedia.org/wiki/Currency_interventions_under_E...