At this point, we’ve lost count of how many central bankers Turkey’s authoritarian head Erdogan has fired, so a quick stroll down memory lane helped us remember:
One look at the headlines above reveals that Erdogan, who himself is technically the head of the central bank as he can replace any current central bank governor that does not do his bidding and swap in some figurehead, tends to have a short fuse when it comes to heads of TCMB when they don’t follow the crackpot economic “theory” known as Erdoganomics according to which cutting interest rates is the way to […]
Read the rest of this story here: www.zerohedge.com
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