In the information economy, the digitalization of money as in production systems leads to a gradual decrease in the use of cash in economic transactions. In fact, it is costly in cash production, transportation and storage. In the Figure, the increase rates in non-cash transactions in major countries between 2015 and 2016 are given. The country with the largest decrease…
Blockchain
Technology is always created to serve the mind of its manufacturer. At this point, it is necessary to be careful and use it to our real benefit. While doing this, it should not be overlooked that technology can serve different ideologies and plans in the hands of different minds. For example, splitting the atom into its nuclei is a technological…
Digitalized Knowledge Economy
It is possible to see the advanced production systems of that period at every stage of the economic history. To understand the functioning of the economy, it is necessary to examine the most advanced manufacturing practices.
Bad Money Drives Out Good Money
Gold and silver have been real, solid money for nearly 5000 years. Since the mid-1970s, the dollar, which is the reserve currency in circulation, has been torn from gold. The fiat currencies we use today are unlimitedly printed. The fact that the main mechanism of the economic system based on money is being printed unlimitedly is the most important factor…
Money Turbulence, Covid-19’s Shocking Financial Impacts and Ways of Exit
In this article, we will seek an answer to the question of how we can be more resilient individually in the current economic and financial process. Is it possible to get out of the currency turbulence that started with the sudden halt of economies all over the world and trade between countries coming to a halt? It is possible, of…
Decentralized Finance, DEFI
The system we are in, which we can also call the money economy, consists of centralized structures to a large extent. We see these central structures as large financial intermediary institutions both in factories with large production capacity in real production and in financial markets. In short, what we call money is a centrally managed exchange tool. This system is…
Metaverse and Digital Economy
Metaverse is a kind of virtual world. It is the fictionalization of the things we do in our lives in the virtual world. Metaverse is like a universe where dreams come true. Metaverse is a three-dimensional virtual world. For example, there may be a copy of the city you live in in the metaverse. Navigating the Metaverse requires gadgets like…