President Recep Tayyip Erdoğan’s policies make him the world’s first practical modern monetary theorist. Photo: AFP

Erdonomics experiments push Turkey to the brink

Turkey’s experiments with an unorthodox monetary policy – ​​in which it pursues economic growth even at the cost of price stability – continue regardless of the hardships they inflict on the people and the economy, including hyperinflation. The country’s central bank cut interest rates by 150 basis points to 10.5% on Thursday, even as Turkey’s …

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