Submission statement: this is almost a textbook example of what happens when governments override independent monetary policy. Turkey’s 85% inflation spike followed politically motivated interest rate cuts. Inflation accounting exists to keep financial statements honest in high-inflation environments. Choosing to suspend inflation accounting—while giving the president unilateral power to extend the suspension—raises red flags about transparency, rule of law, and institutional independence,
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Submission statement: this is almost a textbook example of what happens when governments override independent monetary policy. Turkey’s 85% inflation spike followed politically motivated interest rate cuts. Inflation accounting exists to keep financial statements honest in high-inflation environments. Choosing to suspend inflation accounting—while giving the president unilateral power to extend the suspension—raises red flags about transparency, rule of law, and institutional independence,
Inflation? STOPPED.
I’m having an allergy reaction from this wtf