On 1/5/2022 5:19 AM, Alex Goodwin - alex.goodwin at multitel.com.au (via
tml list) wrote:
> Although in the farthest bounds of theory, a central government does
> have the option of not meeting its debts, the 3I is built on the
> rubble of, and lessons learned from, the 2I, in which goverment
> defaults (such as intra-Treasury punchups) helped propel the wheels
> clear of the chassis.
>
> A _functioning_ 3I will thus go to extreme lengths, I posit, to avoid
> even considering default.

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.

--
Kurt Feltenberger
xxxxxx@thepaw.org/xxxxxx@yahoo.com
“Before today, I was scared to live, after today, I'm scared I'm not living enough." - Me

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