Turkey has had inflation of over 100% in the last two years. What caused it? Turkish President Erdogan claimed that he will lower inflation by lowering interest rates. This policy has been a disaster that is now being reversed with 50% interest rates. Is Jerome Powell and the Fed going down this path of lowering interest rates when inflation has not come down enough only to help out a presidential candidate and the rich on Wall Street that own most of the stock market wealth?
What can we learn in America about the failed policies that the government tries to implement instead of cutting back on spending and increasing our national debt by continuing to print money?
The so called experts o...