Dan Seitz

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As the war dragged on and on and on, the cost of this massive military effort rose steadily until by 1710 the cost of the war had climbed toward 10 percent of England’s income—that’s the product of the whole nation’s working life, not just the government’s revenue.
Money for Nothing: The Scientists, Fraudsters, and Corrupt Politicians Who Reinvented Money, Panicked a Nation, and Made the World Rich
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