Maximus wrote:Absolutely wrong,
I am commenting on the state of the Turkish economy, because I have an interest in finance and economics.
Unlike you and Bordo, who are getting triggered and trying to snipe at me, the GC's, and the Cypriot economy from 10 years ago.
Well from my perspective I would say look at the evidence
What triggered me to enter this thread was nothing to do with 'defending Turkey'. I was triggered by the irony of someone who had been predicting imminent capital controls in Turkey for over ten years now and has still yet to be proven correct and was doing so through the entire period that the RoC itself underwent capital controls.
You seem pretty Turkey focused to me. You have a general interest in finance and economics but seem reluctant to discuss the thesis that what Erdogan is doing to an extreme degree, prioritising growth over inflation, is exactly what all central banks / governments have been doing since 2008 crash. Advance economies had already slashed base rates to zero and even past it and have been printing money via the smoke and mirrors of quantative easing. So erdogan is doing this to an extreme but it is clear that globaly we have all been doing the same thing. Keep growth going and worry about the inflationary consequences later. Somehow I do not think such a discussion is of interest to you because of your Turkey myopia.
Anyway we have been here before. I have said this before (as my opinion) and you have denied it before but there is actual hard complete evidence. You talk Turkey more than me. Absolute. Relative. any way you slice it.