Monday, May 23, 2011

Following in Rome's Footsteps

I've mentioned before the similarities between our political situation and that of the Roman Republic just prior to its conversion to an Empire under Julius and Octavian. I ran across a very interesting piece today on the economic similarities; it's a fascinating read and underscores Solomon's assertion that "there is no new thing under the sun." We're following the same patterns as those who have gone before us, and the result will inevitably be the same, assuming we continue down this road.

What Destroyed Rome was its Unfunded Government Employee Pensions

H/T Patriot Trading Group

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