On 07Jan2022 1351, Kurt Feltenberger - kurt at thepaw.org (via tml list)
wrote:
>
> I would think that, except for exceptional times - major war, that the
> Imperium would have a "no deficit" rule.  With something as large and
> as wide spanning as the 3I, deficit spending would be an accounting
> nightmare which would them become a social and political nightmare as
> well.
While I don't think it'd be that hard to manage, and it's a very useful
thing for a government to be able to do, that the 3I doesn't, and
doesn't permit regional nobles to do so is certainly in keeping with its
apparent lack of ability to fund major projects at all quickly.

Local system governments would of course be welcome to run up whatever
debt they can arrange, and I'm sure the megacorps are happy to extend
credit as long as the government either seems sound or has assets
sufficient to cover the loan.

--
Rupert Boleyn <xxxxxx@gmail.com>