the more people borrow the more interest they pay and the less money they have.
and no money is not created by the central banks, what you are sugesting is calling printing money like Zimbabwe and that devalues the price of the local currancy.
money is made in a country by producing goods (like iron ore) and selling it to another country at a profit.. that is why a country needs good exports to be economicly healthy. take china selling to the US, look at the wealth its created... thats because the US then owe China goods back... but if china printed more money, then no one would owe china anything and china will still be worth the same wouldnt it.
but now your trying to describe a local economy using a global trade logic, arnt you?
fantastic job at trying to make me look silly, shame you got it wrong!
