Not every country can print its way out of the crisis :: Mmegi Online

At the height of the confusion, like you, I clambered up to my attic where I readied myself to spend 14 hours a day, seven days a week for what was then 21 days, immersed in finding solutions to finance, insurance and risk management problems; something I do for a living. After completing the sixth of eight risk management reports, I began to write this article.

Coronavirus (COVID-19) has spread rapidly to most of the world's population since it first appeared in China. Indeed, one of the difficulties of writing an article like this is to keep up with the pace of change.

The effects of this crisis are already threatening the global economy. Governments all over the world are faced with the only choice of using money to save the world. This money is either printed from those countries' reserve banks, or some sort of loan is sought. Bystanders have asked themselves, why do we have to donate? Why can't the country just print money to solve the effects of the crisis? Ideally, this is giving every household and company enough money to solve all their problems.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.