
Living with inflation, the story of Turkey
The David McWilliams Podcast
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Is Turkey a Brilliant Example of How People Adapt to Economic Situations and Survive?
Turkey is an example of how conomies adapt to economic situations and survive. Inflations are really messy, right? And there's nothing more messy than inflation. So the choices for the turkish central bank would be the following: Put real interstraites up to make sure that nominal intestrates are around 70 ent. That would have real interest rates at about 20 %. It would drive the tur Turkish lera up dramatically,. But it would also cause almost every business that has deaths in turkey to go bust.
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