I’ve been in Rome the past few days with my charming and beautiful daughter.
We visited the usual tourists spots, including the Coliseum
and other remnants of Ancient Rome.
And I couldn’t help but wonder how such a powerful empire could collapse, driving people from relative prosperity to the economic misery of the Dark Ages.
I briefly addressed this topic in early 2016, but only to make a point about the (myriad) problems of modern Italy.
So let’s take a closer look at this issue and learn how excessive government helped bring down the Roman Empire.
The Foundation for Economic Education has an excerpt of Will Durant’s book, The Story of Civilization, Vol. 3: Caesar and Christ. And here are my excerpts from that article.
Diocletian, with his aides, faced the problems of economic decay. …he substituted a managed economy for the law of supply and…
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Utopia, you are standing in it! 
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