Sir Niall Ferguson: Time-Knight | Andrew Roberts | Hoover Institution
The Secrets of Statecraft
00:00
The Implications of Ferguson's Law on Historical Empires
This chapter explores Ferguson's law, highlighting the unsustainability of fiscal policies in great powers. It illustrates how rising interest payments on debt can lead to a nation's decline, using historical examples to emphasize the risks of public debt.
Transcript
Play full episode
