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tame3902 | 2 months ago
Erdogan also has some interesting ideas about the economy. A quote from his Wikipedia article: "He has pushed the theory that inflation is caused by high interest rates, an idea universally rejected by economists. This, along with other factors such as excessive current account deficit and foreign-currency debt, in combination with Erdoğan's increasing authoritarianism, caused an economic crisis starting from 2018, leading to large depreciation of the Turkish lira and very high inflation."
The resulting crisis has its own article: https://en.wikipedia.org/wiki/Turkish_economic_crisis_(2018%...
egeozcan|2 months ago