Question
Instruction: Make an analysis and write-up to answer the following questions. -Should Bank of Canada print money and simply send it to Canadians/Canadian residents in
Instruction: Make an analysis and write-up to answer the following questions.
-Should Bank of Canada print money and simply send it to Canadians/Canadian residents in response to COVID-19? Why or Why not? What can be the implication of such a measure?
Read the following articles to formulate your idea and discuss the above question:
"Does the economy need a helicopter rescue to escape COVID-19 disaster?"
https://www.cbc.ca/news/business/covid-19-economy-helicopter-money-friedman-1.5507417
"Canada is printing money to spend on COVID-19 relief"
https://www.saltwire.com/halifax/news/canada/canada-is-printing-money-to-spend-on-covid-19-relief-economist-432295/
"Printing money to tackle the economic crisis created by coronavirus is a good idea. Here's why?"
https://www.independent.co.uk/voices/coronavirus-bank-of-england-treasury-economic-crisis-ways-means-a9462281.html
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