Gee, when Erdoğan kept cutting interest rates—as Trump wants to do—the net was 80% inflation!

The end of Erdoğanomics? Turkey almost doubles interest rates to fight inflation
politico.eu/article/end-recep-…

#TrumpMustGo #Fed #JeromePowell #LisaCook #InterestRates #Hyperinflation #USPol

The end of Erdoğanomics? Turkey almost doubles interest rates to fight inflation

The apparent U-turn is being entrusted to mainstream financial experts, while Erdoğan himself still insists interest rates should remain low.

^{Gabriel Gavin (POLITICO)}