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Doug French: Turkey Is Sustaining Major Inflation. Something Has to Give

Turkey Is Sustaining Major Inflation. Something Has to Give

by Doug French
Mises Wire, Nov. 1, 2023

Bloomberg reports that price inflation in Turkey was more than 60 percent in September. The 61.5 percent reading was released by the Turkish government’s statistical office. Being on the ground in Turkey for Hans-Hermann and Gülçin Hoppe’s Property and Freedom Society meeting, I can say the vibe was not hyperinflationary. The shelves are not empty and the port city of Bodrum is booming. Professor Hoppe told the crowd Bodrum has grown from a population of fifty thousand to a million for the whole peninsula. No matter the destruction to the Turkish lira, money keeps pouring into peninsula real estate, watercraft, and businesses.

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