Hearth tax and became widespread in the 14th century when the royal finances were unable to bear the rising costs of war and state agents. In particular, "fouages" were levied in 1342 and 1349. The "hearth-penny" was an Anglo-Saxon term for "Peter's pence". In England, hearth tax, also known as hearth money, chimney tax, or chimney money, was a tax imposed by Parliament in 1662, to support the Royal Household of King Charles II. Following the Restoration of the monarchy in 1660, Parliament calculated that the Royal Household needed an annual income of £1,200,000. The hearth tax was a supplemental tax to
A Treatise on Money A Treatise on Money A Treatise on Money is a work on economics by English economist John Maynard Keynes. In the "Treatise" Keynes drew a distinction between savings and investment, arguing that where saving exceeded investment, recession would occur. Thus, Keynes reasoned that during a depression the best course of action would be to promote spending and to discourage saving. Keynes most notably clarified his Theory of Money in catty dialog with other famous economists of the day, such as Friedrich Hayek and Dennis Robertson. Keynes described his rejoinder as such “in my Rejoinder to Mr. D. H. Robertson, Published