Don’t borrow anymore, just print money or open up economy, govt told

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Economist Geoffrey Williams says extended lockdowns only hinder growth and government revenue potential.PETALING JAYA: An economist has urged the government to stop borrowing to finance cash handouts and opt instead to print money for the purpose or to reopen the economy so that people can get employed.Geoffrey Williams of the Malaysian University of Science and Technology said the best way to look after people’s welfare was to provide them with opportunities for work with good pay.“People don’t want handouts. They want to work and earn good incomes,” he told FMT.He was referring to calls from former prime minister Najib Razak and others for the government to raise the statutory debt ceiling.Najib recently suggested that the debt ceiling be raised to 65% of GDP from the current 60% to finance cash aid for people struggling under the Covid-19 pandemic.Geoffrey Williams.Williams…