Here's the abstract of this paper. "The French government currently honors a very unusual debt contract: an annuity that was issued in 1738 and currently yield

Here's the abstract of this paper. "The French government currently honors a very unusual debt contract: an annuity that was issued in 1738 and currently yields 1.20€ per year. I tell the story of this unique debt, which serves as an anecdotal but symbolic summary of French public finances since the 18th century."