Trouble in Turkey

Turkey is feeling the pinch of inflation, with the lira losing almost 50% of its value last year. President Erdogan tinkered with things and it helped briefly, but prices are rising. A government move to make bread more affordable has backfired, and a state-run energy agency has raised its prices by 125% according to Daily Wire. After cracking down on cryptocurrency, President Erdogan’s administration has proposed a bill to lock some of the Turkish economy away in Bitcoin and other blockchain currencies. Turkey’s finance minister suggested that folks should be able to sue economists for commenting on social media about the situation.  Turkey is also the world’s largest supplier of hazelnuts and the currency collapse is pushing up prices— but muh Nutella!

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