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Comment by aerodog | Hacker News Reader

Lower interest rates in the US to spur growth: Smart!

Lower interest rates in Turkey to spur growth: Stupid!

People want US dollars a lot more than they want Turkish Lira. I don't agree with US monetary policy but to imply they're the same situation is dumb.

> When disagreeing, please reply to the argument instead of calling names. "That is idiotic; 1 + 1 is 2, not 3" can be shortened to "1 + 1 is 2, not 3."

I think we're all adult enough to tolerate my level of defamation. The example of 1+1=3 implies an honest mistake. If someone is asserting that 1+1=3, calling it a dumb argument is accurate and appropriate. "Inappropriate" would convey that the comment about monetary policy was not good. "Dumb" conveys that it is both inappropriate and belligerent.

Whether "we're all adult enough" isn't the point. The point is that defamation (even your level of defamation) is against the site guidelines.

And I think the point is obtuse and pedantic beyond the intended scope of the guidelines, so I don't care. No name calling doesn't mean you can't assert low intellectual merit of arguments.

It's almost like there is more than one variable at play.

The difference between the two being inflation. The inflation rate in Turkey is 14%.

Are people downvoting you because you made an obviously true statement or because they don't understand how inflation targeting works?

Folks, if it's the latter, I recommend you read a primer on inflation targeting here https://en.wikipedia.org/wiki/Inflation_targeting to learn how central banks do their magic.

Aspirin is good!

Aspirin is bad!

Well.. it depends. What do you suffer from?

Turkey suffers from an undemocratic government, in a country where corruption (at ALL levels of government and ALL aspects of life) is the status quo. It looks that Erdogan prefers to have a half-dead country that needs him, than a thriving country without him (yes he is a dictator).

I feel like this was written to point out the absurdity but there is no joke here. This is true. This was a very bad move for Turkey.

So far it has worked out pretty well for the US.

maybe it's one of the perks of controlling the world's reserve currency?

This. Only developing countries know what a privilege it is to be the reserve currency.

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