54 sats \ 1 reply \ @SatsMate 3 Jun \ on: Turkey's inflation passes 75% in what economists believe is peak econ
Looks like he needs to pivot! If he wanted to solve the inflation issues, why didn't he just peg the Turkish Lira to gold? I understand he can't debase the citizenry, but this would solve the inflation problem for them.
Another avenue would be to dollarize or Euroize their country. We saw Lebanon, El Salvador, and other nations do this in the past as well.
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31 sats \ 0 replies \ @siggy47 OP 3 Jun
I think the population is de-lirasizing on its own, with a combination of dollars, euro, gold, and cryptocurrencies
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