Post
Topic
Board Economics
Re: Nobel Laureate asked India to print more money and not to worry about inflation
by
Averim
on 12/04/2020, 18:17:49 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.

Voice your opinion! Will be good or bad step for a diverse country like India?
In India there is no middle class, either you are very rich or so poor that they can't afford drinking water. Printing more money wont solve the problem because India is the country with the second biggest population so there is a need for good social politics, not just printing money.