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.

Today, discount chain stores and national supermarket chains, having replaced small shops, greengrocers, butchers, sellers of dried nuts and fruits and even bakeries, have become the largest suppliers of food and beverage to households. Due to increasing demand, these retailers with hundreds of stores around the world are the "price setters" of the food retail industry.

It was the 1970’s. People would swim on Yeniköy’s coast in Istanbul, relax by the clear blue waters of the Marmara Sea. I remember I was 4 or 5 years old, together with my parents by the seaside. Everyone was jumping into the sea from the pier, so I wanted to jump too. My mother said, "Jump then". So, I jumped but I started to struggle in the water since I didn’t know how to swim.

"Correct analysis requires correct information." Countless times I have said this fact in this column. To people who think that things happen for no reason, countless times I asked, “Are you not cross-checking your data and the available facts?” You are always welcome to read my many articles and analyses stating that wars do not suddenly pop up, and the fact that global military spending has been increasing steadily every year was not a good sign.

First of all, let me say that Iran does not possess a genuinely effective army. Diplomacy is the most important weapon that Iran has been using so far. In the region, there is also the presence of Iranian government organisation SAVAK (Organization of National Security and Information), which is as effective as MOSSAD.

I guess we have to stop asking, "Why don't you go into politics?" to every person we subjectively see ‘fit’ to serve as a politician. Politics is neither a social vocation and service that anyone can do nor, as the well-intentioned think, a super formula that will instantly put a country on a good footing when implemented by well-educated people.

I guess we have to stop asking, "Why don't you go into politics?" to every person we subjectively see ‘fit’ to serve as a politician. Politics is neither a social vocation and service that anyone can do nor, as the well-intentioned think, a super formula that will instantly put a country on a good footing when implemented by well-educated people.