Spending more cannot provide the answer to fiscal crisis

Abstract

Printing notes is an easy option but means a looming crisis for the aam aadmi. If you are in a financially difficult situation, you can’t get out of it by spending more. But that is what most finance ministers try to do. The reason is simple. Unlike individuals (except crooks like Telgi), households and corporates, finance ministers have access to Nasik press, which is the banker of first resort. Read more at: https://www.dnaindia.com/business/comment-spending-more-cannot-provide-the-answer-to-fiscal-crisis-1274083