Currency depreciation

I read Joe Morana's letter regarding the suggested depreciation of the lira. Mr Morana neglected to inform readers what the World Economic Forum said. Please allow me to quote: "To make decisions based just on the exchange rate is short sighted and...

I read Joe Morana's letter regarding the suggested depreciation of the lira.

Mr Morana neglected to inform readers what the World Economic Forum said.

Please allow me to quote: "To make decisions based just on the exchange rate is short sighted and costly, this is not a good idea".

Perhaps Mr Morana is more informed than the World Economic Forum, if so why does he not offer them his expertise? I am sure that all the top economists would be willing to make way for this economic genius who, it seems, would be able to solve all the world's economic problem single handedly or with a bit of help from the Leader of the Opposition.

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