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parliament

議会　—　Institutions

The assembly that consents to taxes and to spending.

Pennsylvania note printed by Franklin Pennsylvania note printed by Franklin18 June 1764 (as printed) Continental note (one sixth of a dollar) Continental note (one sixth of a dollar)Resolution of 17 February 1776 Fugio cent Fugio cent1787
A photograph of what this word names.

⚠ When a parliament controls the finances, interest rates on the national debt fall. This is because a guarantee from a parliament was considered more credible than the promise of a single king. The form of government is directly reflected in the price of borrowing.