The M2 money supply in Turkish liras is climbing,
but not in the same proportion as the rate cuts and inflation
Not? It looks like the money supply doubled over the last 12 months.
Does it really need an expert on Turkey's economy to see a relation between the doubling of an asset and the asset being worth half as much afterwards?
Does it really need an expert on Turkey's economy to see a relation between the doubling of an asset and the asset being worth half as much afterwards?