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No free lunches: Raghuram Rajan says monetisation by RBI has a cost and cannot be everlasting - The Indian Express 24-Jul-2020
No free lunches: Raghuram Rajan says monetisation by RBI has a cost and cannot be everlasting - The Indian Express
The former RBI Governor said central banks in many emerging markets are resorting to such strategies and disagreed with votaries of the "modern monetary theory" who support this, making it clear that there are no free lunches.
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