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E5: Bombing the Turkish Economy - Part 1
Manage episode 316142210 series 2992893
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This is Part 1 of a 2-part episode on the Turkish economy and its ongoing currency/debt crisis. In this part, we will discuss the merits of theory and how they do or do not apply when exposed to reality. We will explore the advice of classical economic theory given to President Erdoğan and the reasons for why he does not follow it, religious aspects notwithstanding.
Chapters
1. Intro (00:00:00)
2. LeMay's Application of Theory (00:02:45)
3. Turkey's Economic Crisis (00:28:35)
4. Shortcomings of Classical Economic Theory (00:41:11)
5. Turkey's Economic Realities (01:03:14)
6. The Foreign Investment Drug (01:22:11)
7. The Perfect Storm (01:38:03)
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