Quotulatiousness

October 9, 2017

The Centuries-Old Debt That’s Still Paying Interest

Filed under: Economics, Europe, History — Tags: , , — Nicholas @ 02:00

Tom Scott
Published on 25 Sep 2017

In the archives of Yale University, there’s a 367-year-old bond from the water authority of Lekdijk Bovendams, in the Netherlands. And it’s still paying interest.

Thanks to:
Prof. Geert Rouwenhorst for his time and explanation
All the team at the Beinecke Rare Book and Manuscript Library
Michelle Martin (@mrsmmartin) for editing the interview
and Leendert van Egmond for telling me about the bond!

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  3. Steve Landsburg says paying off the national debt would be a bad idea
  4. California’s “wall of debt” actually a very high cliff of debt
  5. Calling it a “debt ceiling” is misleading: it’s actually a “debt sky”

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