5/8/2023 0 Comments The hand of the sun king![]() He borrowed money from private investors and paid back the loans with dear interest when the taxes had been paid. Mazarin wasn’t really interested in how Fouquet acquired that money.įouquet resorted to a popular trick. He was the protégé of Cardinal Mazarin who conducted government affairs on behalf of Louis XIV.īoth men deemed it important that there was always sufficient money available to pay the current expenses. There was the Minister of Finance, Nicolas Fouquet, for instance. The courtiers of course took advantage of that. When he came to power, he was a little boy of only four years. Louis XIV had not always been the Sun King. You will be surprised when you hear his name. I know of a ruler who balanced his state budget by means of a housekeeping book bound in red leather. Well, keeping books of account is an effective means of preventing debts, and for this I can give you a historic example. The fact that 10 percent of all Germans are in debt may have something to do with this. Only 18 percent of German households are said to account on a cash basis. You will be surprised when you hear his name - It was Louis XIV of France, the Sun King.Īlright, I’ve just installed this new app in order to monitor my expenses. She knows of a ruler who balanced his state budget by means of a housekeeping book bound in red leather. ![]() Keeping books of account is an effective means of preventing debts, and for this Ursula Kampmann can give you a historic example. ![]()
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