Posted by: Rick | Thursday, December 9, 2010

The Return Of Roman Economics

Bruce Bartlett, a respected conservative academic, wrote the following in 1994:

The fall of Rome was fundamentally due to economic deterioration resulting from excessive taxation, inflation, and over-regulation.  Higher and higher taxes failed to raise additional revenues because wealthier taxpayers could evade such taxes while the middle class — and its taxpaying capacity — were exterminated.  Although the final demise of the Roman Empire in the West (its Eastern half continued on as the Byzantine Empire) was an event of great historical importance, for most Romans it was a relief.  [Emphasis added]

John Bohener is living in the wrong millennium.

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