What the New Cold War Means for the Global Economy with Niall Ferguson
Merryn Talks Money
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The US Is in a Stronger Position in Cold War I
I've been talking about the structural problems of American public finance for 20 years going back to a book called Colossus that I wrote in 2003. The key metric that I've often used is to say that when a great power is spending more on interest payments than on defense, it probably has a problem. And but this is all extremely expansive and most government finances in the developed world already in a pretty dismal state.
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