But Kavcioglu, a little-known professor of banking, shares the president’s unconventional view that high interest rates cause inflation.

So basically, Erdogan is what's called a neo-fisherian, an economic hypothesis that posits, roughly, that if you keep interest rates low for long enough, and never waver, inflation will eventually drop to "match" your interest rates

This has never been tested in an inflationary environment before, and we should all applaud the Turkish government for running this experiment on an entire national economy, which we in christendom have been cruelly barred from doing by so called ethics restrictions from the grant committees

Give him the econ nobel