Post
Topic
Board Economics
Re: Nobel Laureate asked India to print more money and not to worry about inflation
by
Febo
on 10/04/2020, 13:04:28 UTC
Nobel Laureate Abhijeet Banerjee has recently asked India to print more money and transfer them to the poor class of people to increase demand in the market to tackle upcoming recession post COVID-19.

Reference: https://m.telegraphindia.com/business/abhijit-banerjee-offers-print-money-pill/cid/1763262

A lot of economists will say it is a bad idea because later it will become very difficult to arrest inflation rate. But increasing the demand is a major challenge as well.

Inflation is a taxation. They are not worried of more taxes. There will be way more taxes in next decades as it was in previous. Governments will impose them on very different ways. Inflation is one of ways.