{"id":375222,"date":"2018-08-28T15:28:17","date_gmt":"2018-08-28T14:28:17","guid":{"rendered":"http:\/\/rinf.com\/alt-news\/newswire\/turkey-now-lewrockwell\/"},"modified":"2018-08-28T15:28:17","modified_gmt":"2018-08-28T14:28:17","slug":"turkey-now-lewrockwell","status":"publish","type":"post","link":"http:\/\/rinf.com\/alt-news\/newswire\/turkey-now-lewrockwell\/","title":{"rendered":"Turkey Now – LewRockwell"},"content":{"rendered":"
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President Trump recently imposed sanctions on Turkey to protest the Turkish government\u2019s 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\u2019s currency, the lira. While the sanctions may have played a role, Turkey\u2019s currency crisis is rooted in the Turkish government\u2019s fiscal and (especially) monetary policies.<\/p>\n

In the past seven years, Turkey\u2019s central bank has tripled the money supply and pushed interest rates down to 4.5 percent. While Turkey\u2019s government did not adopt Ben Bernanke\u2019s proposal to drop money from helicopters, Turkish politicians have taken advantage of easy money policies to increase subsidies for key voting blocs and special interests.<\/p>\n

The results of the Turkish government\u2019s inflation-fueled spending binge are not surprising to anyone familiar with Austrian economics or economic history. Turkey is now plagued with huge deficits, a collapsing currency, and a looming economic crisis, making it the next candidate for a European Union or Federal Reserve bailout.<\/p>\n

Turkey\u2019s combination of low interest rates, money creation, and massive government spending to \u201cstimulate\u201d the economy parallels the policies the US government has pursued for the past ten years. Without drastic changes in fiscal and monetary policies, economic trouble in America is around the corner.
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\nSwords into Plowshares<\/a><\/span><\/span>
\nRon Paul<\/span>
\nBest Price: <\/span>$8.67<\/span><\/span>
\nBuy New <\/span>$15.99<\/span><\/span>
\n(as of 07:55 EDT – Details<\/span>)<\/span><\/span>
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The very large and growing federal debt will cause a major crisis as the government\u2019s debt burden will be unsustainable. Instead of cutting spending or raising taxes, politicians can be expected to pressure the Federal Reserve to do their dirty work…<\/p>\n<\/div>\n

Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

President Trump recently imposed sanctions on Turkey to protest the Turkish government\u2019s 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\u2019s currency, the lira. While the sanctions may have played a role, Turkey\u2019s currency crisis is rooted in the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[519],"tags":[],"class_list":{"0":"post-375222","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-newswire"},"_links":{"self":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/375222","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/comments?post=375222"}],"version-history":[{"count":0,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/375222\/revisions"}],"wp:attachment":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/media?parent=375222"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/categories?post=375222"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/tags?post=375222"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}