A cut-rate theory: Turkey’s currency spiral

<p>As President Recep Tayyip Erdogan keeps pushing his upside-down economic ideas, the currency plummets and an <a href="https://www.economist.com/finance-and-economics/erdogans-zany-monetary-experiment-is-impoverishing-turkey/21806459?utm_campaign=a.io&amp;utm_medium=audio.podcast.np&amp;utm_source=theintelligence&amp;utm_content=discovery.content.anonymous.tr_shownotes_na-na_article&amp;utm_term=sa.listeners" rel="noopener noreferrer" target="_blank">immiserated population</a> grows restless. Sunday’s <a href="https://www.economist.com/finance-and-economics/erdogans-zany-monetary-experiment-is-impoverishing-turkey/21806459?utm_campaign=a.io&amp;utm_medium=audio.podcast.np&amp;utm_source=theintelligence&amp;utm_content=discovery.content.anonymous.tr_shownotes_na-na_article&amp;utm_term=sa.listeners" rel="noopener noreferrer" target="_blank">presidential election</a> in Honduras will be a test of the country’s democracy; fears abound of the deadly protests that marred the last vote. And our obituaries editor reflects on the life of <a href="https://www.economist.com/obituary/2021/11/27/rossana-banti-fought-to-free-italy-with-laughter-as-well-as-weapons?utm_campaign=a.io&amp;utm_medium=audio.podcast.np&amp;utm_source=theintelligence&amp;utm_content=discovery.content.anonymous.tr_shownotes_na-na_article&amp;utm_term=sa.listeners" rel="noopener noreferrer" target="_blank">Rossana Banti</a>, a storied, lifelong anti-fascist campaigner.</p><p>Have your say about “The Intelligence” in our survey here&nbsp;<a href="http://www.economist.com/intelligencesurvey" rel="noopener noreferrer" target="_blank">www.economist.com/intelligencesurvey</a>. And for full access to print, digital and audio editions of <em>The Economist</em>, subscribe here <a href="http://www.economist.com/intelligenceoffer" rel="noopener noreferrer" target="_blank">www.economist.com/intelligenceoffer</a></p> &#10;&nbsp;<br /><hr><p style='color: grey; font - size: 0.75em; '>See <a style='color: grey; ' target='_blank' rel='noopener noreferrer' href='htt