Turkey shows what happens when you compromise central bank independence - a podcast by Marketplace

From the BBC World Service: Turkey is on the brink of hyperinflation and the lira currency has imploded after the country’s leader, Recep Tayyip Erdogan, turned his back on fundamental economics and interest rates. Turkey’s economic turmoil is a warning shot to the world about what happens when a central bank’s independence gets compromised. We’re in the heart of Istanbul – the city straddling Europe and Asia – sharing how ordinary people’s lives have become much, much tougher.

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