You are suggesting the country can set the interest rate and will get loans against that rate. Even when the loans pile up and the outlook on paying that loan off in agreed on time gets worse.
The idea that a country can set their own interest rate one-sidedly with global creditors and receive endless credit against that rate is just a fantasy.
Interest rates exist. It’s set by the central bank.
Please read the book to understand more. This has been a long thread.
You are suggesting the country can set the interest rate and will get loans against that rate. Even when the loans pile up and the outlook on paying that loan off in agreed on time gets worse.
This will go on forever, I’m just describing reality. Please read the book.
Regards.
The idea that a country can set their own interest rate one-sidedly with global creditors and receive endless credit against that rate is just a fantasy.