{"id":52733,"date":"2024-05-13T05:14:20","date_gmt":"2024-05-13T05:14:20","guid":{"rendered":"https:\/\/thepatientinvestor.com\/?p=52733"},"modified":"2024-05-13T08:04:22","modified_gmt":"2024-05-13T08:04:22","slug":"true-cost-of-us-debt-niall-ferguson","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2024\/05\/13\/true-cost-of-us-debt-niall-ferguson\/","title":{"rendered":"True cost of US debt | Niall Ferguson"},"content":{"rendered":"

Ferguson\u2019s Law states that any great power that spends more on debt service (interest payments on the national debt) than on defense will not stay great for very long. True of Hapsburg Spain, true of ancien r\u00e9gime France, true of the Ottoman Empire, true of the British Empire, this law is about to be put to the test by the US beginning this very year, when (according to the CBO) net interest outlays will be 3.1% of GDP, defense spending 3.0%.<\/p>\n

Niall Ferguson: China, Russia, Iran axis is bad news for Trump and GOP isolationists \u2013 Bloomberg, 4\/21\/24<\/a><\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"

Ferguson\u2019s Law states that any great power that spends more on debt service (interest payments on the national debt) than on defense will not stay great for very long. True of Hapsburg Spain, true of ancien r\u00e9gime France, true of the Ottoman Empire, true of the British Empire, this law is about to be put … <\/p>\n

Continue reading “True cost of US debt | Niall Ferguson”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"quote","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[45,34],"tags":[4619,6481,6482,6480,2472,6479],"class_list":["post-52733","post","type-post","status-publish","format-quote","hentry","category-debt-levels","category-us-canada-countries-regions","tag-cbo","tag-defense-budget","tag-fergusons-law","tag-interest-cost","tag-niall-ferguson","tag-us-debt","post_format-post-format-quote"],"yoast_head":"\nTrue cost of US debt | Niall Ferguson - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"True cost of US debt | Niall Ferguson - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Ferguson\u2019s Law states that any great power that spends more on debt service (interest payments on the national debt) than on defense will not stay great for very long. 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With\u2026","rel":"","context":"In "Russia & Former USSR"","block_context":{"text":"Russia & Former USSR","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/russia-former-ussr\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/img.youtube.com\/vi\/bT81WwCix4M\/0.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":14136,"url":"https:\/\/thepatientinvestor.com\/index.php\/2016\/09\/16\/niall-ferguson-the-west-and-the-rest-the-changing-global-balance-of-power\/","url_meta":{"origin":52733,"position":2},"title":"Niall Ferguson: The West and the Rest – The Changing Global Balance of Power","author":"ColinTwiggs","date":"September 16, 2016","format":false,"excerpt":"https:\/\/youtu.be\/AORm8Nvoud4 Niall Ferguson is the Laurence A. Tisch Professor of History at Harvard University. I would love to see Ferguson re-visit this 2011 talk every five years. One certainty about the future: it isn't what we think it's going to be. 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