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tame3902last Thursday at 7:16 PM1 replyview on HN

I don't know much about Turkey, but I assume they are referring to Erdogan. Turkey was a pretty solid democracy and he turned it into an authoritarian regime.

Erdogan also has some interesting ideas about the economy. A quote from his Wikipedia article: "He has pushed the theory that inflation is caused by high interest rates, an idea universally rejected by economists. This, along with other factors such as excessive current account deficit and foreign-currency debt, in combination with Erdoğan's increasing authoritarianism, caused an economic crisis starting from 2018, leading to large depreciation of the Turkish lira and very high inflation."

The resulting crisis has its own article: https://en.wikipedia.org/wiki/Turkish_economic_crisis_(2018%...


Replies

egeozcanyesterday at 7:38 AM

Erdoğan is not the first person to mess up the economy of the country, but extreme deep corruption and antidemocratic playbook were never experienced before. If you ask his base, everything's fine though.