President Trump recently imposed sanctions on Turkey to protest the Turkish government’s detention of an American pastor. Turkey has responded by increasing tariffs on US exports. The trade war is being blamed for the collapse of Turkey’s currency, the lira. While the sanctions may have played a role, Turkey’s currency crisis is rooted in the Turkish government’s fiscal and (especially) monetary policies.In the past seven years, Turkey’s central bank has tripled the money supply and pushed...
![Turkey Now, America Later?](https://37adff4a.delivery.rocketcdn.me/wp-content/uploads/2022/04/rp-weekly-button.jpg)