When analyses by several publications examining Kevin Warsh’s interest-rate rhetoric over the past twenty years are read together with the comprehensive interviews he has given in recent days, the issue stated in the title takes on a much broader framework: the global struggle of central banks for independence and legitimacy.

There was a time when we were shouting, “Let’s Get Physical.” In the 1980s, losing weight meant gyms, aerobics tapes, sweat, patience, and a shared sense of enthusiasm. You put on a Jane Fonda cassette, pulled on your tights, and people lost weight while socialising. Today, however, weight loss has largely turned into an injection, a subscription, and a budget line item.

Foreign friends reading these lines may already know this: Turkey was once a place where you could enjoy a reasonable quality of life at a rational cost. Over the last 2.5–3 years, however, it has turned into one of the most expensive countries in Europe.

It is hardly surprising that societies seek simple explanations for complex problems during periods of economic strain. In recent years, this tendency has increasingly converged around the issue of migration. As housing prices rise, rents erode household incomes, wages lag behind inflation, and feelings of social unease intensify, these developments are often grouped under a single heading: irregular migration.

On paper, the 2026 World Cup—jointly hosted by the United States, Canada, and Mexico—is set to be not only the largest tournament in FIFA’s history but also the biggest event the global sports industry has ever seen. For the United States, however, this massive spectacle is increasingly turning into something far more fragile than a celebration of football. It is becoming a stress test of the country’s domestic politics, security doctrine, and international reputation.

Economic crises can profoundly change individuals' consumption behaviours. The term "lipstick effect," which is often mentioned during such times, reflects people's tendency to turn to small luxuries when they struggle to make larger expenditures. A lipstick, a quality coffee, or a special chocolate can provide individuals with a sense of control over their lives in an uncertain economic environment.

2025 has been a year marked by struggles for many people around the world. Economic uncertainties, political instabilities, and social unrest have plunged societies into deep anxiety, leading individuals to feel a sense of hopelessness regarding the future.

This week, I wanted to share an analysis that will prompt those lamenting, "Will there be tyranny in the 21st century?" to reevaluate cause-and-effect relationships. Russia has transitioned through various stages of the monarchy cycle throughout its historical process, arriving at the present day.

The global economy is indeed a complex structure. Every day, various factors influence each other, potentially altering the economic conditions of countries. Beyond economic indicators, reports from institutions provide significant insights into understanding this change.

The U.S. National Security Documents not only determine the country’s strategic orientations but also play a significant role in international relations and global economic dynamics. These documents, which began to be shared with the public during President Carter’s time, are prepared by thinkers and experts working on national security strategies.

Silver prices have broken record after record this year. This rise, which has caught everyone's attention, is due not only to comparisons with gold but also to the impact of industrial usage. Historically, silver has been a valuable metal, and it has now become an indispensable part of modern technology.

The International Monetary Fund, or IMF for short. Established in 1944, right after World War II, the IMF’s main goal was to create a more stable and predictable international monetary system. You might be wondering, how does this work? Well, they offer financial help to countries facing economic challenges, which sounds fantastic at first glance.

The “Global Inequality Report 2025”, published by the G20 under the leadership of Joseph Stiglitz, presents a comprehensive analysis of the dimensions of wealth and income inequality—one of the most critical vulnerabilities of the global economic system. The report not only provides an economic diagnosis but also examines the effects of inequality on political and social stability, serving as a strong warning to policymakers.

We can see that foreigners and the younger generations find it difficult to understand why Mustafa Kemal Atatürk, the founder of the Republic of Turkey, who appeared twice on the cover of TIME magazine and was praised with a single word—"VISION"—is held in such high regard. Every year, on the exact date and time of his death, 10 November at 09:05, life comes to a halt in Turkey. Schools, workplaces, and sports facilities all stop their activities, and everyone stands in silence with respect.

It’s interesting—no matter where I go in the world, everyone seems to look beyond democracy for a solution to overturn the broken system. Just as successful companies are not entirely democratic—being apparently governed by an elite elected through general assemblies—many highly educated intellectuals also believe that countries could be rescued if they were run in this manner.