From Market Oracle
By Gary North
THE LAW OF EMPIRES
''Empires disintegrate. This is a social law. There are no exceptions.
The first well-known social theorist to articulate this law was the prophet Daniel. He announced it to King Nebuchadnezzar. You can read his analysis in Daniel 2. Verses 44 and 45 are the key to understanding the law of empires.
The Roman Empire is the model. But there is a serious problem here. There are at least 210 theories of why it fell. There are so many that even my 1976 Ron Paul office colleague Bruce Bartlett gets credit for one of them – on Wikipedia, no less. He has made the big time!
In any case, Rome did not collapse. It wasted away over several centuries, wasting the treasure of its citizens along with it.
I suppose there were highly educated people who came to the voters in the late Roman republic and said something like this: "Unless decisive action is taken now, Rome will go bankrupt." If so, they were right. But it took a lot longer than they thought.
These days, it does not take nearly so long.
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