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/1763262A 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?
Other than what we have been taught in classes as to the effect of excess money in circulation, a Nobel laureate is surely not some quack or speech writer looking for attention. It must have been from a fully thought out process but that does not mean its right. Zimbabwe to my understanding have tried this model which eventually backfired but situation, economy and time differs which could return a different outcome. Its on government and its policy advisers to think a way through and actually address his fear rather than just discarding his own private suggestion.