Revenue is generated by printing money instead of producing

The fact that inflation cannot be controlled further exacerbates the deep poverty experienced. With the deterioration of the budget structure, the economic crisis becomes an inextricable situation. Speaking to SÖZCÜ on the evolution of the economy, the founder of the Inflation Research Group (ENAG), Prof. Dr. Veysel Ulusoy said that the decision makers who are most confused about the targets are in Turkey.

Ulusoy said: “On the one hand, the 5 percent inflation target set in the Central Bank targets, on the other hand, the 20 percent target set by the people in the government shows that they are quite confused. “The fact that decision makers, who think that sticky triple-digit inflation will decrease with the base effect, control the exchange rate, the interest rate and inflation at the same time, that is, they target it, is a phenomenon that is only seen in us in the world,” he said.

FALSE WEALTH

Explaining that the reason for this application should be analyzed, which is a result, Ulusoy said: “A state that has completely withdrawn from production, the private sector with very weak capital accumulation has a structure that depends on credit from Ankara, money flows and income formation in all circumstances. It is questioned that each day that goes by with electoral spirit productivity decreases incredibly, false wealth is injected into the country with the rent from the land created and, finally, the power of consumption of households is limited to the minimum wage. Naturally, there is no need to discuss the institutional collapse of the state mechanism and its impact on the economy.

ADDITIONAL HOUSEHOLD TAX

Expressing that the government has made it possible to finance its spending by making an additional budget and through monetary expansion, Ulusoy said: “The balance of income and expenditure of a state that still does not produce under the name of additional budget, programming adding taxes to households whose income level is low, has wiped out the balance of saving, spending and investment in the economy.Deteriorating budgets in non-producing states usually become conducive to getting moisture from a slight volatility in the business cycle.In other words , budgets financed only by tax revenue are dampened by the slightest economic imbalance ”.

Print money out of laziness

Commenting on the request of the Re-Welfare Party, which is included in the People’s Alliance, that “obstacles in the face of Treasury-financed CBRT” be removed, it was included in the alliance’s protocol. Dr. Veysel Ulusoy said that there is no rational explanation for this. Ulusoy said: “With the fact that the expansion of emissions is already under the monopoly of the Central Bank, it is a tragicomic situation in itself that it is treated as if it were a new right that contributes to the economy. In fact, this is a clear indication that the State links the income it should have with its production power to laziness, that is, to printing money. Put simply and simply, this is a point of protocol that should not be discussed,” he said.

poverty deepens

The deep poverty experienced as a result of the increase in the income of workers and retirees according to TUIK inflation is deepening. This tells us how healthy the data is.
clearly shows how important it is.

We need an industrial policy integrated with agriculture

Veysel Ulusoy, explaining that the increase in real wages, which is the main source of consumption expenditures, constituting 60-65 percent of national income, will also stimulate production, saying: “It is necessary to effectively implement other policies that reduce inflation. Chief among these is a new industrial policy integrated with agriculture and an international trade policy. Trade with neighbors alone improves welfare and controls prices.

Investors benefit from ENAG data

Emphasizing that dynamic and daily inflation is one of the indicators of investment in the financial sector, Veysel Ulusoy said: “ENAG’s daily inflation data will be a useful indicator especially for direct foreign and financial investments directed to Turkey. It is obvious that the daily inflation data provided by ENAG, which corresponds to the company, will also be useful in the replanning phase of the Turkish economy in the long term”.

The fire in the kitchen will get worse

Veysel Ulusoy, who stated that ENAG’s inflation measurement is in a very dynamic realm, said: “Under this approach, where we look at the reflection of daily price changes in wallets, we see that each item and product in the basket of inflation has an annual inflation. triple digit increase. Recently, however, the increase in red meat and milk and derivatives has increased the size of the fire in the kitchen. We see declining per capita meat consumption and even increasing problems experienced in livestock farming due to earthquakes and disease causing supply chain breaks.