[quote=gregw9898][quote=Allan from Fallbrook][quote=gregw9898]
Since Rich is so good with numbers and historical data, I would love to see a comparison of our debt levels currently as compared to the estimated debt/GDP levels of the Roman, Byzantene, Russian, English and other empires that went under due to GOV spending. I’m not sure there would be accurate data but it would be a great article!![/quote]
This book is absolutely filled with historical data and will utterly debunk many of the falsehoods you’ve attempted to deploy here (under this and your other nom-de-plume.)
Of course, I wouldn’t expect someone who doesn’t even know how to properly spell “Byzantine” to know much about actual history.
Marshal your facts, correctly assemble your argument and then open your mouth.[/quote]
Sorry for the misspelling but I wasn’t asking you and also you didn’t address my point. That book doesn’t seem to address my post either.
I would like a comparison of debt levels between the major empires from a well respected economist, not historian. Don’t acuse me of not getting my facts straight if you can’t understand a blog post first.[/quote]
Markmax Part Deux: Okay, I won’t “acuse” you.
You have shown a marked propensity for either ignoring facts, or not understanding them.
Graeber, AS I CLEARLY STATED, BUT YOU IGNORED: is NOT an historian, but, rather, an economic (NOTE THE WORD “ECONOMIC”) anthropologist. Thus, he is a mix of ECONOMIST and ANTHROPOLOGIST.
The referenced book EXACTLY addresses the issues of debt, credit and fiat money and does so in an historical arc that covers 5,000 YEARS, meaning it encapsulates ALL of the empires you mentioned, including the “Byzantene” one.
How this fails to address and, most important, debunk your salient points is beyond me, but, as stated at the outset, you never seem to let the facts get in the way of a good story.
READ the FACTS. UNDERSTAND the FACTS. ARGUE by using the FACTS. Or not.
