Turkey shows what happens when you compromise central bank independence

<p>From the BBC World Service: Turkey is on the brink of hyperinflation and the lira currency has imploded after the country&#8217;s leader, Recep Tayyip Erdogan, turned his back on fundamental economics and interest rates. Turkey&#8217;s economic turmoil is a warning shot to the world about what happens when a central bank&#8217;s independence gets compromised. We&#8217;re in the heart of Istanbul – the city straddling Europe and Asia – sharing how ordinary people&#8217;s lives have become much, much tougher.</p> <p class="ContentPageBodyParagraph-module__paragraph--block ContentPageBodyParagraph-module__paragraph--size-medium--spacing-normal">