LETTER: This is apropos a Business Recorder op-ed "Self-sufficiency is the answer" carried by the newspaper yesterday. The writer, M Ziauddin, has introduced an interesting argument to wider debate on printing money. According to him, for example, "we can also attain self-sufficiency in a 200 million plus market by printing money without suffering the damaging burden of inflation rate going through the ceiling if we could dare take what is known as calculated risk."

That the money supply (M2) is already on higher side in the country is a fact. It is generally believed that hyper-inflation begins when a country's government begins printing money to pay for its spending. But it is also true that printing money doesn't always cause higher or hyper-inflation. There is, therefore, the need for taking a calculated risk.

NADIA TAUSEEF (KARACHI)

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