摘要：In this article, we will discuss a system in which the State would have the right to obtain financing from its Central Bank. This article explores the possibility for a Central Bank to finance the State's investments at zero interest rate 0%, like was the case when they had this right. This article starts focusing on the monetary creation and its control, which has been transferred from the States to the Central Banks and then to the Commercial Banks. It explores the reasons of this changes and the situation it created, particularly regarding the public debts that started at this time and which kept on growing ever since. We are going to see how States put themselves in a weak position that led them to be deep in debt today. Also, we will imagine how States could be quite free from their current public debt, especially with the example of the French public debt. This study will show that this model is viable, and would allow the collectivity to pay back the public debt and lower the taxes at the same time.
关键词：Public Debt; Interest Free Borrowing; Central Bank; Competitiveness; Sustainability
