How autocrat Erdogan’s Pseudoeconomics Is Ruining the Turkish Economy

Recommendable. However, the author Mustafa Akyol paints history in simple black & white colors like woodblock cut art. And the author suffers from the Trump Derangement Syndrome!

Why Turkey is e.g. still a member of NATO or why the EU still tries to make it a member while Islamist President Erdogan is in office is curious to say the least.

How Erdogan’s Pseudoscience Is Ruining the Turkish Economy | Cato at Liberty Blog One of the most startling stories in the world these days is what the Wall Street Journal recently called “The Erdogan Lira Crisis.” The crisis is that Turkey’s national currency has been plummeting at an astonishing rate: in 2012, 1 U.S. dollar equaled 1.8 Turkish liras. Today, after an accelerating downward spiral of the Turkish currency, 1 dollar equals 13.7 liras.