Comments by "" (@tomk3732) on "Turkish lira crashes to historic low as inflation nears 20%" video.

One way Poland became top performer in EU is by currency devaluation - good thing they did not go with EU - this is how you become #1. Of course there is something called "too much" i.e. you cannot devaluate forever, at some point return on such investment is tiny yet public discontent is huge. I.e. Turkey is making a mistake, 20% is way too much.
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@abdulsaboor8197 Turkish economy is growing at annualized rate of 1.14 percent over last 20 years. I.e. very slow. Year 2021 / 2020 should not exactly be used due to Covid where you had quarters that had +8 and -8 percent. Prediction for 2022 is 3.5%. Prediction till 2025 by world bank and others is also at around 3%. Compare to Poland where growth over last 15 years has been at over 5% average, i.e. Poland was growing on average 4x faster then Turkey. Polish economy is just touch smaller then Turkish yet Poland is less then half the size. So overall Turkey is not doing good but neither it is doing terrible.
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@imadkhreim6531 This is not how economy works. He is decreasing interest in order for his rich friends to stay afloat & as a side result increasing heavily inflation which the poor Turkish people have to face. Look at US - Americans are all angry at their president, whom has much lower then Trump rating on economy, b/c he is unable to control inflation. High inflation kills your meager $$$ you get as no one gets rises every month at their job. Now rich pp have no "jobs" they have businesses - they can increase income as per inflation. They also have investments which means loans - high interest means these loans are getting expensive.
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