In his most recent column, Justin Raimondo explains how “The Bubble of Empire” has popped. He marks the beginnings of this bubble at 60 years ago or so. It was 56 years ago that Garet Garrett wrote “Rise of Empire” and warned us of the very troubles Raimondo observes. For a condensed version of “Rise of Empire” see here or for an even shorter summary see my article.
A bubble of empire was not the only bubble Garrett wrote about. With eery similarities to today, he chronicled another bubble that broke the world during a Republican administration while a Democrat was waiting in the wings.