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.
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