Treasury and Finance Minister Nureddin Nebati’s confusing statement about the economy fell into the language of Twitter: “There were men talking like that on the ferries, I didn’t understand what they were selling, but I knew not to buy it.”
Organized by the ministry today ‘Economic Transformation Summit’Speaking at the meeting, Nabati said: “The heterodox approach, which represents an epistemological break from neo-classical economic thought, gains more importance with the influence of fields such as behavioral economics and neuroeconomics, which are increasingly coming to the fore. We know that there is heterodox literature, especially in America, England, Italy, and Germany. Books are being written.”
The minister’s statements were widely shared on Twitter and became the subject of ridicule. Users of words ‘complex and meaningless’ saying that Nabati ‘what do you mean’ tried to guess.
minister nebati: epistemological break from neoclassical economic thought brought the heterodox approach to the fore.
translation: what are you doing poor people. How is inflation good? pic.twitter.com/KChAmRdq1M— mustafahos (@mustafahos) September 29, 2022
Nabati Minister “Epistemological break”,
By saying “neuro economy”, it burned $ 2.5 billion in foreign exchange reserves in the last week.
Highest foreign exchange reserves burned in a single week since May 20.
Net reserves excluding SWAP are at $55.4 billion, the lowest since the week of January 21. pic.twitter.com/aYjH9SuNsr— Faik Öztrak (@faikoztrak) September 29, 2022
In a cyclical perspective, we have sophisticatedly internalized the endemic pejorative deprivation created by the cumulative neo-abandonment effect caused by the heterogeneous and irrational approach cycle of existing neo-hard and post-ignorant personas.
— Şahan Gökbakar (@sgokbakar) September 29, 2022