The Debt Can Is Getting Harder to Kick
By Timothy Nash, Bob Thomas, George Lang, & Tom Rastin
In the book When We Are Free, an anthology published by Northwood University Press with a foreword by Milton Friedman, economic historian Dr. Lawrence W. Reed contributed a chapter titled The Fall of Rome and Modern Parallels.Reed examines how the Roman Empire collapsed and draws striking comparisons to the fiscal habits of modern governments.
His warning is worth revisiting today.
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