The following chart shows the yield on long-term soverign debt from 1150 AD to 2012. In the year 1440, Venice paid a high itnerest rate of 20%. Overall according to an article by Dominic Frisby at MoneyWeek money has not been this cheap for a very very long time when we consider the current interest rates.
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Source: History is a useful guide for investors – but which period are we in today?, Dominic Frisby, MoneyWeek
