Baloney. In Turkey inflation is 85% by government stats, up to 200 by shadow stats. Here 8.5 (lol) in the Uk 10%, Germany 10%, Poland 17, Estonia 22.
In this connected world, if one place like Turkey goes hyper, it will spread rapidly. You are kidding yourself to blow this off because it isn’t at a thousand yet.
Like the famous quote about bankruptcy. Slowly at first, then suddenly.
“In this connected world, if one place like Turkey goes hyper, it will spread rapidly.”
GDP of Turkey $ 0.854 Billion
GDP of California $ 3.4 Trillion
I suppose there are people who believe scare stories like “Turkey will spiral America into hyperinflation” but no one should take that foolishness seriously.