Turkey’s ‘Stunning’ Rate Hike And The Folly Of Misreading Autocrats

Turkey’s ‘Stunning’ Rate Hike And The Folly Of Misreading Autocrats

Believe it or not, Recep Tayyip Erdogan let Murat Uysal hike rates on Thursday. Turkey careened into another one of its regularly scheduled currency crises over the summer, as Erdoganomics (a fantastical religion predicated in part on the notion that lower rates are key to a stronger currency and thereby to containing inflation) collided with reality. These high-speed collisions happen from time to time and, really, it's a small miracle that Uysal's tenure hasn't been defined by an outright c
Subscribe or log in to read the rest of this content.

Speak your mind

This site uses Akismet to reduce spam. Learn how your comment data is processed.

NEWSROOM crewneck & prints