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Ok. Thank you . He is right about that technically if there is allot of government debt in the economy and the government is net payer of interest, then raising
by bubbleRefuge 4y ago
Ok. Thank you . He is right about that technically if there is allot of government debt in the economy and the government is net payer of interest, then raising interest rates can cause inflation via more money in pockets leading to more demand. Just because Erdogan may be a disliked or reprehensible politician does not mean he is not logical when it comes to government finance or he probably was told that by someone who recognizes this.