Most of the "analysis" of Turkey being offered is nonsense. Speculators following it will be taking the losing side of the trade. Alan Longbon nails it. This post is the best available that I am aware of. The title is too limited. The article comprehensive. Does President Erdogan understand MMT? And maybe President Putin, too? Is the world waking up? To early to tell but the signs are encouraging. President Erdogan realizes that that the international institutions like...
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