model
The Bank of England changes debt by making creditors lend to the nation rather than to a mortal or defaulting king, so the people remain liable even when the ruler dies.
Topic brief
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National Debt
The Bank of England changes debt by making creditors lend to the nation rather than to a mortal or defaulting king, so the people remain liable even when the ruler dies.
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Key Notes
model
The Bank of England allows Britain to become an empire by guaranteeing national debt through Parliament and financing repeated wars against Napoleon.
Timestamped Evidence
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"alright. So this is a very important idea, guys. I, I, I need you to understand this for the rest of the semester. Okay...."
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"So, even though the king dies, the people are liable for the debt, okay? Does that make sense? All right? So, now, if you're..."
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"persecute Catholics um this will lead to many many battles crises between the Catholics and Protestants um James the second is a Catholic king..."
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"Parliament that's borrowing the money the people always have to pay you back okay unless England is destroyed as a nation your uh loan..."
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Relevant Lectures And Readings
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Chinese students are chasing English, dollars, and Western immigration because they are already inside a British-made world game.
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