EP 21: War and Gold (with Kwasi Kwarteng)
Library of Mistakes
The Revolution of Dutch Finance and the Formation of the Bank of England
This chapter explores the relationship between debt and money, specifically focusing on the revolution of Dutch finance at the end of the 17th century and the formation of the Bank of England. It discusses the complex structures of services built up by the city of London to meet government borrowing needs and highlights the importance of government bonds in the early stock market.
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