Dont I still owe you some money..? (357 years ago)

Posted on Tuesday, June 17th, 02008 by Alexander Rose - Twitter: @zander
link Categories: Long Term Thinking   chat 0 Comments

Davide Bocelli recently sent in this entertaining tidbit. Apparently the Prince of Wales just remembered that the crown owes someone some money. The thing of it is that the unpaid bill was from 357 years ago left by Charles II for £453 and 15 pence. He repaid last week, sans interest however. (here is his speech)

  • JS

    Why is that an institution, if owed, would seek interest on a debt, while that same institution owing a debt, unhesitatingly disregards the idea of time value of money?!

    Ummm, inequity maybe!?


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