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Have we crossed the Ferguson Limit?
America is the greatest economic engine the world has ever known. We built the post–World War II system. We anchored global trade in the dollar. We secured sea lanes. We projected strength through economic and military dominance. But today, a serious question must be asked: Have we crossed the Ferguson Limit? What Is the Ferguson Limit? The concept comes from historian Niall Ferguson . The idea is simple — and sobering: When a nation spends more on interest payments on its de

The Chairman
Feb 263 min read
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