In this episode, we talk about Turkey on the eve of the elections in the context of the earthquake and reconstruction, hyperinflation and its impact on the economy and society, and political and institutional instability.
The 20th century could be referred to as the century of inflation. Monstrous inflation took place in many countries, such as hyperinflation in Germany in the 1920s, in Hungary after World War II, or in Zimbabwe and Venezuela in the recent past.
Unfortunately, most governments are not using structural solutions; they are using cyclical solutions, such as greater monetary easing.
