Abdulkadir Özkan: "The inflation peaks in the USA"

Abdulkadir Özkan: "The inflation peaks in the USA"
Date: 15.4.2022 15:00

Milli Gazete columnist Abdulkadir Özkan writes on global economic problem. Here is the full article.

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The coronavirus pandemic has caused serious economic problems in the USA and EU countries as well as in our country. More precisely, we are experiencing inflation, which is 62 percent according to official figures, while the rulers of the country draw rosy pictures and give dates for when the inflation in question will end. However, it does not overstate how this will work. This situation is reflected in our media in such a way that you would think that there is no problem in economic life in our country, things are running smoothly. Of course, we sincerely want the economic crisis to end as soon as possible and for our depressed people with low and fixed incomes to breathe a little easier. However, if the official statements have lost their credibility, then the depression into which the society is dragged will intensify.
 
At this point, I would like to draw attention to the inflation in the USA and some EU countries. Because, in our media, news that the US and EU countries broke records in inflation are given at every opportunity, while the inflation felt by the public has exceeded 100 percent. Of course, I am not saying that the news given is wrong, but for example, the inflation experienced in the USA as of March was determined to be 8.5 percent, and this figure was a record for 41 years for the USA. Inflation of around 7 percent in some EU countries is also expressed as a record in our media. When it comes to our turn, a limited evaluation is made with the statements of TUIK, and while this is done, there is no evaluation that characterizes the inflation figures, especially in the pro-government media, which are narrow and poison the life of fixed incomes. Instead, statements made by some administrators are given. According to these statements, some dates are given for when inflation will decrease. However, these dates do not remain fixed, although there is no regression in inflation when the given date approaches, the previously given dates are pushed to either 6 months or one year later, depending on the situation. So, inflation counts.
 
Let me just say that the coronavirus pandemic has affected our country as well as the whole world. Despite this, questions such as why the price increases are so high in our country, what is wrong and what needs to be done are not discussed or expressed in front of the public. As such, the question arises whether the rulers of the country are insufficient in pulling back price increases and reducing inflation. Because whatever the reason for the sudden price increases, it is the managers who have to solve this problem. If the administrators think of freeing themselves from responsibility by attributing all the problems for which they have not found a solution to a number of events, then is the trust in the state unshakable?
 
Moreover, if the opposition will continue to be blamed for the country's problems waiting to be resolved, is there any logic to this? Because the opposition is responsible for expressing the wrong and incomplete practices it sees and showing their own solutions. Solving problems is the job of power. If the problems will continue to think about getting rid of the responsibility by linking the problems to some internal and external reasons, it should be known that the loss of reputation and trust that has arisen wears the government on the one hand, and on the other hand adds continuity to the suffering of the citizens, which will be a harbinger of disaster.

YEREL HABERLER

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