Photo by Meg Jerrard on Unsplash

When your leader is a fool, the people suffer

Hyperinflation needs a spark. It’s usually too much foreign currency debt plus an economic slowdown that causes capital to flee the country (putting downward pressure on the currency). In Turkey’s case it has a name: Recep Tayyip Erdogan.

Turkey’s president doesn’t understand basic economics. He insists on pushing down interest…

Tony Yiu

Data scientist. Founder Alpha Beta Blog. Doing my best to explain the complex in plain English. Support his writing: https://tonester524.medium.com/membership

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