Context: Printing of money in a ‘depression’ economy to create demand, is highly unlikely to revive Covid-suppressed ‘animal spirits’.
Limitations of Direct Cash Transfers (DCTs):
Some Government Steps to Support Public:
Conclusion: DCT is not the vaccine for reviving GDP, not even an anti-viral, but more like a steroid that can have deleterious side-effects and is hard to wean away from, even as it appears to be a panacea.