I don't agree. The majority of the OECD practises contemporary monetary policy, using central bank interest rates to control inflation. All of those countries have inflation well below Turkey. Then we have Turkey, rejecting this policy, and experiencing extremely high inflation.
Economics doesn't allow us to conduct controlled experiments. We have to work with the messy data that we have. When the vast majority of some of the smartest economists in the world who currently live and who have lived, all agree on principle of supply and demand, I find it compelling. When money is removed from circulation, demand drops. This almost always results in a reduction in prices. Rejecting the law of supply and demand is really out there as a fringe argument.
Economics doesn't allow us to conduct controlled experiments. We have to work with the messy data that we have. When the vast majority of some of the smartest economists in the world who currently live and who have lived, all agree on principle of supply and demand, I find it compelling. When money is removed from circulation, demand drops. This almost always results in a reduction in prices. Rejecting the law of supply and demand is really out there as a fringe argument.