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Tuesday, May 30, 2023

What Messages Now? 

Now that Turkish leader Erdogan has won yet another term, the challenge will be the messages he feeds to his citizens in light of a falling lira and rampant inflation.  He can distract them for a time with claims of fighting terrorism but sooner or later, Turks will want prices to stabilize so they can feed their families.  What will he say then?  He has flouted economic theory by pumping money into the country in an effort to slow inflation.  It hasn't worked yet and most likely never will.  Erdogan is a dictator with a firm grasp on power even though he was up for election.  He has five more years to make his theories work.  Bets are even that he solidifies his hold on his office whether or not he is voted in again.  


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