Autocrats

Bitcoin trading volumes are rising in Turkey as the increasingly authoritarian government there goes diligently about the work of setting its currency, the lira, on fire. Turkish President Recep Tayyip Erdogan, who has retained power since 2003, has to all appearances lost his mind: With inflation sitting at around 20%, Erdogan yesterday lowered Turkey’s key interest rate to … [Read more...] about Turkey Makes the Case for Bitcoin as Erdogan Runs the Autocrat’s Inflation Playbook