Hello and welcome to the intelligence from The Economist. I'm your host, Jason Palmer.

Every weekday, we provide a fresh perspective on the events shaping your world.

For 40 years, an unusual sociology project has been going on at a small English university.

Regular people sending news of their lives and their views.

Our correspondent sifts through a uniquely revealing archive of the everyday.

And the silver screen is set for some exotic new locations.

Saudi Arabia is spending tens of billions of dollars to draw in filmmakers to showcase its striking landscapes.

That's quite a change for a country where, until recently, cinema was illegal.

But first... In Turkey, a grand and grandly misguided economic experiment continues to bite.

But Turks would be wise not to complain too much on social media. Yesterday, the

banking regulator filed charges against more than two dozen people and accounts, including two

former central bank governors, alleging that their criticism amounted to market manipulation. Online

grousing is pretty clearly not the problem. Inflation has been rising for months.

Anticipating yet more devaluation,

those who can afford it have been lining up to buy food and fuel.

One market trader in the southeastern city of Diyarbakr

says in the evening bread costs four liras, then in the morningoutheastern city of Diyarbakr, says in the evening bread costs four

liras, then in the morning it's seven.

In Istanbul, a resident says the Turkish currency has melted like butter.

The root of the problem is President Recep-Tayev Erdogan's notoriously upside-down view on monetary policy,

that high interest rates cause inflation.

As he leans on the central bank, economic forces lean on the lira and the spiral continues.

...