The United States is in uncharted fiscal territory. “We haven’t seen the debt burden above 100% of GDP since a period immediately after World War II,” says Hoover Institution senior fellow Niall Ferguson on the latest episode of GoodFellows. With rising debt costs outpacing national security, Ferguson cautions that the US could be in a precarious position if conflict arises with China. Would it be reminiscent of Britain’s collision with Germany? What lessons should we learn from history?
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