A Lifeline for Turkey
Erdogan needs to give up a discretionary monetary policy.
By The Editorial Board Aug. 12, 2018 6:50 p.m. ET
Like King Lear raging on the heath, Turkey’s Recep Tayyan Erdogan is lashing out at Donald Trump, financial markets, the almighty U.S. dollar and anyone else he can find to assign blame for his country’s currency and debt crisis. Someone should introduce him to economist Steve Hanke, who is offering the Turkish strongman the best lifeline available to stop the panic.
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