'Even flat-earth theory is taken seriously, but Erdoğan's economic hypothesis isn't'

There are people in the world who take the flat-earth theory seriously and discuss it, but no one takes Erdoğan's economic hypothesis seriously, İYİ Party leader Meral Akşener has said.

Wednesday December 01 2021 01:49 pm

Duvar English

Right-wing opposition Good (İYİ) Party leader Meral Akşener has slammed President Recep Tayyip Erdoğan over his unorthodox economic hypothesis that reducing interest rates will lead to lower inflation.

Speaking to members of her party in parliament on Dec. 1, Akşener deemed Erdoğan "ignorant" and said that no one in the world takes his economic theory seriously.

"There are those in the world who take the flat-earth theory seriously and discuss it, but no one takes Erdoğan's 'flat economy' thesis seriously," Akşener said.

"No one discusses it," she added.

Hammered by Erdoğan's endorsement of sharp monetary easing despite soaring inflation and widespread criticism, the Turkish Lira has lost as much as 47% of its value this year, down some 30% in November alone, rapidly eroding Turks' earnings and savings, upending household budgets and even leaving them scrambling to find some imported medicines.

Akşener pointed to the fact that the lira loses value every time Erdoğan speaks on the issue.

"We're facing major ignorance," she said.

"Turkey can't rise to the position it deserves with this ignorance," Akşener added.