"..the Spanish crown ended up defaulting on all or part of its debt no fewer than fourteen times between 1557 and 1696. With a track record like that, all the silver in Potosi could not make Spain a secure credit risk."
- The Ascent of Money - Niall Ferguson
576. No one wants to hear you talk about your health, your dreams, your diet, or your money. - (via Mrs. Maria Matthiessen on This American LIfe)
4 weeks ago