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Empire of Debt
Bonner and Wiggin argue that America has transformed from a republic into an empire — and that empires always end the same way, drowning in debt. With a sweeping historical perspective and dark humor, they trace the trajectory from a sound money republic to a military-financial complex built on borrowed dollars.
This is one of the most important works in the liberty tradition — essential for any serious student of free markets and individual rights.
What You'll Learn from Empire of Debt
- 1This work offers rigorous analysis of its subject from a liberty-oriented perspective.
- 2The author builds a systematic argument from first principles.
- 3The implications for policy and practice are far-reaching.
- 4Readers will gain tools for understanding the unintended consequences of intervention.
- 5Essential reading for anyone serious about the ideas of freedom.
William Bonner
William Bonner is the founder of Agora Inc. and the Daily Reckoning. An investor and author with an Austrian perspective on economics and markets, he has been writing about debt, empire, and financial folly for over 30 years.