Journal Report 10: The big picture of the Rise and Decline of the Economy

Introduction This post gives a description of the cause-effect relationships behind the rise and decline of the most powerful empires.  It is the author’s distillation of the dynamics he saw in studying the 3 reserve currency empires (the Dutch, the British, and the American), the 6 other significant empires (Germany, France, Russia, India, Japan, and China), and…