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the expectation is that if people assume that kind of inflation will continue, they would convert their wealth to another currency/form of wealth, and vendors w
by smegsicle 4y ago
the expectation is that if people assume that kind of inflation will continue, they would convert their wealth to another currency/form of wealth, and vendors would also prefer these other currencies, which would drive the inflation even further, right?
so i also wonder what they're doing to curb the spiral
- miohtama 4y agoHere is a BBC article what has been done in the past to stop hyperinflation: https://www.bbc.com/news/business-45523636 https://www.bbc.com/news/business-45523636 The problem is that Erdogan is not doing any of this. His controversial politics are taking Turkey further down in the pit. Because Turkey’s political system is somehow broken, it is not clear if any election can replace Erdogan.
- revolutukr 4y ago