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Lower interest rates in the US to spur growth: Smart! Lower interest rates in Turkey to spur growth: Stupid!

klmadfejno 6y ago
People want US dollars a lot more than they want Turkish Lira. I don't agree with US monetary policy but to imply they're the same situation is dumb.
- psychlops 6y ago
  > When disagreeing, please reply to the argument instead of calling names. "That is idiotic; 1 + 1 is 2, not 3" can be shortened to "1 + 1 is 2, not 3."
  - klmadfejno 6y ago
    I think we're all adult enough to tolerate my level of defamation. The example of 1+1=3 implies an honest mistake. If someone is asserting that 1+1=3, calling it a dumb argument is accurate and appropriate. "Inappropriate" would convey that the comment about monetary policy was not good. "Dumb" conveys that it is both inappropriate and belligerent.
    - AnimalMuppet 6y ago
      Whether "we're all adult enough" isn't the point. The point is that defamation (even your level of defamation) is against the site guidelines.
      - klmadfejno 6y ago
        And I think the point is obtuse and pedantic beyond the intended scope of the guidelines, so I don't care. No name calling doesn't mean you can't assert low intellectual merit of arguments.
naringas 6y ago
maybe it's one of the perks of controlling the world's reserve currency?
- nine_zeros 6y ago
  This. Only developing countries know what a privilege it is to be the reserve currency.
QuesnayJr 6y ago
The difference between the two being inflation. The inflation rate in Turkey is 14%.
- blueblisters 6y ago
  Are people downvoting you because you made an obviously true statement or because they don't understand how inflation targeting works? Folks, if it's the latter, I recommend you read a primer on inflation targeting here https://en.wikipedia.org/wiki/Inflation_targeting https://en.wikipedia.org/wiki/Inflation_targeting to learn how central banks do their magic.
JumpCrisscross 6y ago
It's almost like there is more than one variable at play.
anm89 6y ago
I feel like this was written to point out the absurdity but there is no joke here. This is true. This was a very bad move for Turkey. So far it has worked out pretty well for the US.
HenryBemis 6y ago
Aspirin is good! Aspirin is bad! Well.. it depends. What do you suffer from? Turkey suffers from an undemocratic government, in a country where corruption (at ALL levels of government and ALL aspects of life) is the status quo. It looks that Erdogan prefers to have a half-dead country that needs him, than a thriving country without him (yes he is a dictator).

People want US dollars a lot more than they want Turkish Lira. I don't agree with US monetary policy but to imply they're the same situation is dumb.

psychlops 6y ago
> When disagreeing, please reply to the argument instead of calling names. "That is idiotic; 1 + 1 is 2, not 3" can be shortened to "1 + 1 is 2, not 3."
- klmadfejno 6y ago
  I think we're all adult enough to tolerate my level of defamation. The example of 1+1=3 implies an honest mistake. If someone is asserting that 1+1=3, calling it a dumb argument is accurate and appropriate. "Inappropriate" would convey that the comment about monetary policy was not good. "Dumb" conveys that it is both inappropriate and belligerent.
  - AnimalMuppet 6y ago
    Whether "we're all adult enough" isn't the point. The point is that defamation (even your level of defamation) is against the site guidelines.
    - klmadfejno 6y ago
      And I think the point is obtuse and pedantic beyond the intended scope of the guidelines, so I don't care. No name calling doesn't mean you can't assert low intellectual merit of arguments.

naringas 6y ago

maybe it's one of the perks of controlling the world's reserve currency?

nine_zeros 6y ago
This. Only developing countries know what a privilege it is to be the reserve currency.

QuesnayJr 6y ago

The difference between the two being inflation. The inflation rate in Turkey is 14%.

blueblisters 6y ago
Are people downvoting you because you made an obviously true statement or because they don't understand how inflation targeting works? Folks, if it's the latter, I recommend you read a primer on inflation targeting here https://en.wikipedia.org/wiki/Inflation_targeting https://en.wikipedia.org/wiki/Inflation_targeting to learn how central banks do their magic.

JumpCrisscross 6y ago

It's almost like there is more than one variable at play.

anm89 6y ago

I feel like this was written to point out the absurdity but there is no joke here. This is true. This was a very bad move for Turkey. So far it has worked out pretty well for the US.

HenryBemis 6y ago

Aspirin is good! Aspirin is bad! Well.. it depends. What do you suffer from? Turkey suffers from an undemocratic government, in a country where corruption (at ALL levels of government and ALL aspects of life) is the status quo. It looks that Erdogan prefers to have a half-dead country that needs him, than a thriving country without him (yes he is a dictator).