The Monetary Cost of the American Revolution

The core of this argument is that the American Founding set the United States on a unique path that made it one of the richest and freest places in the world. Yet, this causal connection requires a leap of faith. Few have attempted to conjure a counterfactual in which America remained a British colony or became independent in ways similar to later British Dominions (e.g., Canada, Australia, New Zealand, and South Africa).