How do people in Turkey survive? Did everyone buy something instead of save it on a bank account? Or did they transfer the money to another country or just buy foreign currency? How can the economy handle this? Sry I am spoiled..

[–] YourPrivatHater@ani.social 10 points 4 months ago

I mean the Germans during the hyper inflation did as well. Turkey just does it with the more religious approach... Religiously voting for the guy responsible.

[–] Nomecks@lemmy.ca 4 points 4 months ago

They took some shitty Chinese loans

[–] ChickenLadyLovesLife@lemmy.world 2 points 4 months ago

In the US at least, the vast majority of people live paycheck-to-paycheck, so as long as wages rise with prices inflation doesn't affect most people. Wages rise with prices, right? Right?