The Decline And Fall Of The American Empire?

If this is correct, and I'm hard-pressed to argue with its reasoning, it suggests to me that in the forecasting of America's future that was at the heart of the 1980 Presidential election, Jimmy Carter was right, and Ronald Reagan was wrong (what a surprise).  If anything, both men were wrong, because neither one saw how bad it could be--worse, in the end, than a "crisis of confidence" or a "malaise."

Then again, as Lord Keynes once said, in the long run we're all dead anyway.  (Tug McGraw version:  when the Sun novas and destroys the Earth, no one will care what Willie Stargell did with the bases loaded.)  Still, as this article suggests, the extended short run may make some of us wish we were dead.