Welcome • User Guide
ToS • Privacy • Canary
Donate • Bugs • License

©2025 Poal.co

142

The state is not in a position to do this and is in a much worse position than private companies. So even if the state could obtain credit, it would have to pay a comparatively high interest rate, severely restricting its scope for credit financing.

Could the state as we know it today still exist at all?

It basically would have little or no money to finance political promises.

The state is not in a position to do this and is in a much worse position than private companies. So even if the state could obtain credit, it would have to pay a comparatively high interest rate, severely restricting its scope for credit financing. Could the state as we know it today still exist at all? It basically would have little or no money to finance political promises.

(post is archived)

You are currently inside a comment thread.
Click here to see all the comments (3).
[–] • 1 pt

The state would just issue bonds for specific projects. For example, this was how the Golden Gate Bridge was funded, with the last bond being paid off in the 1970's.

[–] • 1 pt

Yes. That's a reasonable justification.