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Questions tagged [public-finance]

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Is it true that Newton ordered the hanging of counterfeiters?

I've read somewhere that Newton ordered the hanging of criminals that were cheapening the crowns coinage whilst he was master of the mint. I find this a little surprising having really known him as a ...
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4answers
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Did the North give the South its debt after Civil War ended?

In discussions with a colleague of mine many years ago, concerning the American Civil War (aka the War Between the States), he mentioned that “... the North left/gave all the [financial] debt to the ...
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How was city cleaning financed and organized in the late 19th century?

This answer about usage of horses contains a brief description of the situation of New York. Are there examples where city cleaning was done by firms or was the communal government responsible for ...
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2answers
571 views

What were factors that led to a decline in bond yields during World War II given that the opposite should have happened?

Huge financing is required for wars. World War II was the largest-scale war in human history. Therefore, the large borrowing should have led to a rise in bond yields. Amazingly, bond yields dropped ...
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2answers
2k views

Why did Britain decide to issue perpetual bonds during Napoleonic era?

Background A few years ago I was a student of an economic course about loans, debts, interests, NPV etc. The trainer mentioned "The UK took a loan to fund wars against Napoleon. This has no term, and ...