Our national wound that does not go away and does not heal; Inflation. When we look at the history of concepts, there are very few or no concepts that belong to us, that we have produced and that our people can easily understand. We are a nation that is very lazy in producing concepts. Economy, inflation, interest, credit, money, none of these are our own production.

There are unlimited resources, countless explanations, articles and books about inflation. If we were to describe the economic developments experienced so far in one sentence, inflation; “It is the interaction of behavior and fear created by the missing part (the short side).” The supply side is always short. To bring the demand side to the edge, price increase/inflation) comes into play as a brake. If domestic production is less than domestic consumption, those who have money will not look at the price criterion to buy that good or service.

Those in need have learned from experience that if they do not buy today, they will buy it more expensively tomorrow. The late Süleyman Demirel had a saying: “A little inflation is a good thing”. The rate he called some inflation was between 50-60% annually. I guess we took this for granted.