From Financial Sense
By David Kotok
''What Kind of Decline? A rejoinder by Yang Hu
In drawing parallels to the decline and fall of the Roman Empire, a note about the distinctiveness of its disintegration.
David has kindly invited me to write a rejoinder to his column "I'm Worried", where he sees the parallel in the decline between United States and Rome. While my crystal ball is no more perspicuous than anyone else's (and my day job as an economist probably makes it less so, given our track record), I think it would be instructive to visualize what the United States might look like centuries from now, were we to follow the same arc of decline as the Roman Empire from its Augustinian heights during first century AD.''
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