Democracy and theocracy are very different, for one there different words, and they have different meanings like Democracy-a system of government by the whole population or all the eligible members of a state, typically through elected representatives. and Theocracy-<span>a system of government in which priests rule in the name of God or a god.</span>
When government borrows money from citizens, they would
return this money back to the person the same way a bank would. They would give it in the form of bonds that can
be sold to speculators. Problem is that it would be sold at a lower value.