Whatever one thinks of Turkish President Recep Tayyip Erdoğan, he cannot be accused of being inconsistent.

And so the expulsion of Finance Minister Lütfi Elvan after only one year seems logical.

Because he thought little of the monetary and financial policy course of the almighty state president, who is accelerating inflation and causing the value of the lira to plummet into abyss.

Erdoğan does not want to admit that Erdoğan is purposefully damaging the country's economy and ruining large sections of his country, which is increasingly divided into a few rich and many poor. In the later years of his career, Erdoğan made the world as he pleased. He replaces critics with yes-men. At the central bank, he exchanged unpopular governors until they did what he wanted - even though the constitution stipulates the independence of monetary policy.

On top of that. In the best autocratic fashion, Erdoğan has subjugated the country and gutted the institutions. His party, which only stands for “justice and upswing” by name, consists of compliant claqueurs, parliament is disempowered, the judiciary is wriggling at its lead. Let us only remind you of the blatant injustice that has been inflicted on the philanthropist Osman Kavala, who has been imprisoned for four years without a judgment.

Erdoğan's swinging foreign policy course between Russia and America raises doubts about NATO allies.

His constant mixture of threats and friendly gestures in the direction of the EU purposefully nullifies any reliable political calculation.

Relationships are correspondingly frosty.

Large parts of the Turkish economy, which became rich with Erdoğan's state contracts, are looking the other way or grumbling in secret.

The alarm bells have been ringing for her for a long time.

The companies are aware of the irrationality of the course that Erdoğan has taken, waving the Koran in his hand.

Erdoğan pours oil on the fire

Often enough his interest rate policy, euphemistically circumscribed as “unorthodox”, has been exposed as nonsense: Lower interest rates do not fight inflation. You don't eliminate too much liquidity by adding more. Erdoğan pours oil on the fire on the currency market and is surprised that the country is on fire.

If he doesn't trust the textbook knowledge of economics, he should sharpen the suitability of his ideas with a look beyond the borders: All over the world central banks are tightening the reins of monetary policy because of inflation. Only in Turkey, where the official rate of 20 percent does not adequately reflect the depreciation, are interest rates falling. Erdoğan wants to use it to stimulate the economy. It is currently growing by an impressive 10 percent. In 2022, however, the gross domestic product is likely to flatten - also because of the interest rate cuts. Because the politically promoted fall in the lira hits the economy several times. The companies that are indebted in high billions in dollars and euros have to earn more and more lira for interest and repayments. Foreign traders who settle in dollars or euros cannot be surethat their business partners can still find the foreign currency.

In the country, the collapse of the currency is also driving high import prices. The prices for food, rents, petrol, electricity and gas are climbing rapidly. The tight minimum wage is no longer enough for life. Some sellers hoard goods because they speculate on rising prices - like those Turks who can afford it, have exchanged available lira for foreign currency or precious metals. Your trust in the lira as a means of storing value is gone.

These days pharmacists have warned of a supply shortage because the regulated prices are not enough to pay for imported drugs.

In response, Erdoğan orders inspectors to the pharmacies, just as he puts competition controls on the necks of grocers for price increases and lets the central bank squander millions of its shrinking reserves for senseless and ineffective interventions in the currency market.

The year 2023 will be elected.

It is not evident that Erdoğan, whom his critics call “the Sultan”, will deviate from his economic catastrophe course.

Rather, there is concern that the apparently ill health politician is staging political crises in order to divert attention from other failures.

The Turks don't deserve that.