Famous economist Milton Friedman has a quote that stays in all our minds. It can be summarized as follows: „The cause of inflation is not consumers, producers, imports, energy, etc., but excessive government spending and the excessive money creation by governments.“

With the start of football leagues immediately after the Olympics, the agenda has changed again, of course. However, I can say that football, which spends a lot of money but never changes its bad luck, will not make everybody happy in the 2024-2025 season. The reason is clear: Not knowing the Football Economy.

The news coming from the United States and Japan suddenly caused adverse winds to blow in the markets. However, I would like to underline that there is a missing point in the comments and evaluations about the difficulties faced by the US Economy. At the moment, we don't have much evidence or arguments to discuss a recession.

It really makes me sad to see valuable people always struggle with their own financial demons when they are supposed to be creating high added value. The truth is that people who constantly worry about their savings are not destined to accomplish extraordinary things in life.

The most common method that central banks use to fight inflation is "hiking interest rate and shot down the flow of money". However, this method is just like slowing down the bodily functions of a surgery patient. In other words, it is nothing but an anaesthetic given before surgery to put the patient to sleep.

Assassinating presidents is not an unusual thing in the US history. To this day, a total of eight presidents have been assassinated. The 1865 Lincoln and 1963 Kennedy assassinations are mostly remembered, but two other Presidents were the victims of an assassination as well.

Informal economy, which is kept breathing by cash, is spending its final days. However, reckless money printing by the Central Banks give informal economy the kiss of life to survive while allowing proceeds of crime to grow further and further.

Recently, I find myself giving the same answer to a certain question about economy. “What do you think is the most important problem facing the economy today?” Obviously, moral degradation!

Recently, I had the opportunity to meet with a group of experienced journalists and experts specialising in international relations, political science, and economics to discuss the world affairs. As the hours-long exchange of ideas was about to end, we came to realise that there is not much to be hopeful for the future.

World’s largest oil, pharmaceutical, aerospace & defence and automotive companies dominated the last century, including the early 2000s. Nearly 20 years ago, however, their dominance has started to crumble with the emergence of digital technology companies and the ones that are integrating with this technology.

Dear readers, economists do not have the power to intervene in or ward off the risks that the country or the region they live in are facing, let alone the global risks. We are simple people. We offer solutions, but we do not have the power to execute them. Today, there are many problems in the world that need urgent solutions. These problems include inflation, supply chain challenges, wars, conflicts and diplomatic crises. And there are many more to come.

The COVID-19 pandemic has caused us all to take a different look at our business methods at personal, corporate, national, and global level. On the one hand, there are baby boomers who say, “All you need to do is to know one thing very well, instead of know some things about everything.,” and on the other, there is Gen X and Y, understanding that boomers’ concept is doomed to fail, so trying to develop different sets of skills.

In the past, presentation and taste were seen as two distinct notions. Today, people who offer good taste garnished with appealing presentation are the ones who have created a brand for themselves. However, when presentation turns into some sort of show and leads to lack of taste, the results tend to be unsatisfactory.

The principle of effective demand below basically tells us why inflation will not fall to single digits in many developing countries. Y = C + I + G + (X-M) Effective demand, which indicates the value of total output, that is the national income, have two determinants: investment expenditures, consumption and foreign income.

Sometimes knowing what not to do rather than trying to find out "what to do" makes a remedy stronger. Since fuelling the economy, on the grounds of the public’s rightful reproach of "we consume more than we produce", would make inflation even worse, the Government needs to take more precise steps to try to eliminate inflation.