Opinion | Printing currency isn’t a good way to finance deficit

On 10 February, wire services reported that the then interim finance minister Piyush Goyal favoured “printing currency” as a mode of deficit finance, approvingly citing the example of the US. “As finance ministers we are always in need of money,” Goyal said. He added, “I have heard that the US does deficit financing only by printing currency,” a canard that has been repeated by luminaries of the “Indic” ecosystem enveloping this government in its latter days. By “printing currency”, Goyal is referring to what traditionally was called money finance or…

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Good day at school? There’s an app for that

Behaviour-recording program tracks a child’s education, but ensuring privacy is a concern School children listen in to a lesson in class. Photograph: Fredrick Kippe/Alamy Stock Photo When a child is asked by parents what they got up to at school, they probably won’t confess that they were told off for talking in their English lesson, or that they didn’t do their maths homework. But now honesty may be the only option as behaviour-tracking apps are becoming increasingly popular as an educational tool. One of the most common apps, ClassDojo, is…

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