(12-13-2011, 07:07 PM)Jester Wrote:I thought of that, But, it was really WWI and WWII that commingled with that loss. It's hard to compare the British Empire of the late 1800's to 1920's, with that which emerged after WWII. Britain controlled in that era, 22% of the worlds land mass, and 20% of the worlds population.(12-13-2011, 06:57 PM)kandrathe Wrote: There is historical precedence, though, when looking at empires.
Britain and France each lost empires, and they seem no worse for wear. Neither does democracy, for that matter.
France was the same, but less successful.
Quote:You'd need a return of "normal" demand for goods and services.Quote:I'm waiting for a period of sustained economic growth.To abandon or reinforce a hypothesis about inflation? Why does that make sense?