Historian Niall Ferguson warns that the US risks the same fate as past civilizations if it doesn’t address its debt issue, citing Trump’s expansion plans and rising debt-to-defense spending ratio. He highlights the potential impact on America’s geopolitical power and warns of consequences like default and imperial decline. Ferguson suggests radical reforms or a productivity miracle as possible solutions to avoid violating ‘Ferguson’s Law,’ as Trump negotiates a deal with Ukraine to access critical minerals amidst escalating tensions with Russia.
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