The very thought of Printing Money as a solution to fight the COVID 19 and the economic crisis the Country is facing now comes out of thoughtlessness and cannot be thought of in the background of huge resources the Country has and its Rich Industrailists and all sorts of tax evaders that we have . Apart from the loot of banks, the Country's resources in the form of Gold and other Commodities if tapped properly and sensibly, the Economy can be put on the growth track without resorting to printing of monet and adding to inflation which is fortunately under control . This is the ideal time to insist on the looters of banks and tax evaders to come to the rescue of the Government to return the loans either in Cash or in kind in what ever form and clear the tax dues without exploiting the weaknesses of the legal system and procedure through unethical means and corrupt practices. The inflation is under control and resorting to too much of Deficit financing by printing notes can only invite disaster and definitely it is not a sensible advice. The need of the hour is to have sound economic policies backed by good governance and a very strong and expeditious legal system to do justice preventing the mismanagement of public Institutions and making them deliver the responsibilities entrusted to them in public interest .
Dr T V Gopalakrishnan
( This comment apperaed in Economic Times dated 31/03/2020 against the article Govt has no option but to print money and spend it to mitigate Covid 19).
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