Sufficiency of the means used to stabilize domestic economies

How powerful are national decisions in open markets and globalization processes and how sufficient are broadly used indirect means such as control of the supply of the currency, regulation of interest rates, budget restrictions, tax rates and, etc. to reach the desirable state of domestic economy and the welfare of the nation’s people?

Broadly discussed economy stabilization issues and threats of rising inflation point attention to the most important goods of people’s daily life required to satisfy the minimum demands. We could hardly live without food, clothes, heating or transport nowadays, the products or services that usually do not have substitutes and those demands do not change or vary slightly despite the rise of their prices. The helpless victims of circumstances are evident once the most important goods of people’s daily life are imported and depend on the global market prices.

Consequently, the attempts to boost recovery and protect from inflation by ordinary means of national monetary and fiscal policies are not enough and should be sought direct and specific ways for the achievement of domestic goals.