Comment Re:Finally Congress gets down to business (Score 1) 457
Name one this century, or last.
I'm afraid I won't be able to limit myself to just one. Remember, we're talking absolute monarchs, otherwise what I said makes no sense. Here's a quote about the Empress Dowager Cixi, who was the supreme ruler of China until 1908:
"During Cixi's time, she used her power to accumulate vast quantities of money, bullion, antiques and jewelry, using the revenues of the state as her own. By the end of her reign she had amassed a huge personal fortune, stashing away some eight and a half million pounds sterling in London banks. The lavish palaces, gardens and lakes built by Cixi were hugely extravagant at a time when China was verging on bankruptcy."
If you want a more contemporary example, do some reading on the only absolute monarch left: His Royal Highness, King Mswati III of Swaziland.
If we go further back in history, when absolute monarchs were more common, the examples come a'tumblin'. Under Phillip II, Spain went bankrupt multiple times. Louis XIV drained the treasury of France: "Some estimates suggest that by the end of Louis' reign half of France's annual revenue went to maintaining Versailles." The Emperors of Russia and Austria bankrupted their respective empires - and ultimately lost their empires - by entering WWI. I'm sure if I knew more history, I could dredge up more examples. If you want, I'll make the attempt.