What is a "blank check" policy?

Question

I've been told that is the kind of policy that Germany used against Austria in 1914. What does it really mean? What does a country do when it pursues a blank check policy?

I've been told that is the kind of policy that Germany used against Austria in 1914. What does it really mean? What does a country do when it pursues a blank check policy?

Thanks for answers but the policy is not related to economics, it is about some diplomatic relationships that I fail to understand.

Germany offered help to Austria if it is attacked and they say it was a blank check policy. Why is that?

Answer 1

It has more to do with how much money is spent on a project. The government makes it ok to spend as much money as they need, there is no budget constraints to worry about, the completion of the project is that important.

Answer 2

It is a concept perfected by liberals to allow them to spend as much money as they want on anything they want without requiring the consent of the American people.