Pasha Erdogan - Turkey´s President - keeps on giving! TRY being destroyed

Discussion in 'Forex' started by Nighthawk, Nov 23, 2021.

  1. zdreg

    zdreg

    Socialist policies and gov't intervention in the free market lead to disasters. It is always a matter of time. Biden, do you hear?
     
    #11     Nov 23, 2021
    tomorton likes this.
  2. thecoder

    thecoder

    #12     Nov 23, 2021
    zdreg likes this.
  3. d08

    d08

    That's not true. There's no universal rule. I'd hate to live in a country with a truly free market, I can only imagine what most companies would be doing for the quick and easy profit.
     
    #13     Nov 23, 2021
    VicBee likes this.
  4. zdreg

    zdreg

    Milton Friedman spoke to this point.
    In conjunction with free markets you have to have rule of law. Rule of includes strong protection of private property and protection against fraud. You will be surprised how an expansive view of fraud will curb quick and easy illegitimate profits.
     
    #14     Nov 23, 2021
  5. thecoder

    thecoder

    Reminds me of the "Saudi hotel locked with full of the richy elites of the country"... :)
    Everyone could buy his freedom back... by paying a ransom to MbS... :)
     
    #15     Nov 23, 2021
  6. zdreg

    zdreg

    ?
     
    #16     Nov 23, 2021
  7. thecoder

    thecoder

    #17     Nov 23, 2021
  8. Snuskpelle

    Snuskpelle

    "Erdoganomics" essentially inverts classical economics and claims that rising interest rates lead to higher inflation (and the converse, hence his cuts). The situation of the past few years is fueled by Erdogan enforcing his unorthodox thinking on his CB governors. Nothing to do with conspiracies, it's all in incredibly plain sight. I would call him a wishful child running a country by himself and suppressing those that actually know something in an area where he evidently knows nothing. This is a weakness of autocracies - nobody can easily stop an idiot in charge in such a context.
     
    Last edited: Nov 23, 2021
    #18     Nov 23, 2021
    Nobert, crazyfizikci, d08 and 2 others like this.
  9. Overnight

    Overnight

    Yer a pretty funny guy.
     
    #19     Nov 23, 2021
  10. zdreg

    zdreg

    #20     Nov 23, 2021