Japan goes Dutch
Murray Sayle: Japan’s economic troubles, 5 April 2001
“... in the process.When the Stadthouder Willem III of Orange ascended the English throne as King William I with his wife Mary, a condition was set by Parliament that he relinquish control over public finance. The English and then the British national debt was the first to be guaranteed by an assembly with the power to levy taxes, not by the credit of the ... ”