Tag Archives: Turkey

Their Turkey and Ours

“Recep Tayyip Erdogan believes high interest rates are the cause of inflation, not the remedy for it”  The Economist May 19, 2018 “How-turkey-fell-from-investment-darling-to-junk-rated-emerging-market” During the 1990s the inflation rate in Turkey averaged around 80% per annum varying between 60% and 105%.  … Continue reading

Posted in Debt, Money | Tagged , , , , , , , , , | Leave a comment

The Levant

President Obama has announced his strategy for dealing with the Islamic State (a.k.a. the ISIL—Islamic State of Iraq and the Levant). Does it make sense? In thinking about the answer to that question, consider Kevin Lees’ thoughtful assessment — five-thoughts-on-obama’s-isis-announcement … Continue reading

Posted in War | Tagged , , , , , , , , , , , , , , | 1 Comment