But does it mean cheaper holidays? Yes. According to cost-of-living website Numbeo, the price of a beer in Bodrum has fallen by £2.60 to £1.60,
It’s fallen from, to, not by.
The Turkish lira hasn’t fallen that much, Jeebus. Well, yet, wait ’till Spudda advises Erdogan. Maybe taxes should rise by 10% of GP instead of interest rates going up. You know, monetary policy doesn’t work, only fiscal does, that’s the lesson of MMT.