The Cycle of Democracy

Alexander Tyler

(18th Century Historian/Economist)

Bondage to Spiritual Faith

Spiritual Faith to Great Courage

Great Courage to Liberty

Liberty to Abundance

Abundance to Selfishness

Selfishness to Complacency

Complacency to Apathy

Apathy to Dependency

Dependency to Bondage

...where is America  and where is it heading?

The question is...

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US Trade Deficit: Will it Sink the Economy?

NOTE: There is some discrepancy as to whether or not Alexander Tyler is the originator of this "Cycle." Whatever its origin, it indeed seems plausible.

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