BitcoinFriday on Nostr: Ferguson’s Law states that any great power that spends more on debt service ...
Ferguson’s Law states that any great power that spends more on debt service (interest payments on the national debt) than on defense will not stay great for very long. True of Hapsburg Spain, true of ancien régime France, true of the Ottoman Empire, true of the British Empire. -Nial Ferguson
Published at
2024-07-07 19:26:48Event JSON
{
"id": "0aeb62bd61a09c5a3da94e18855f76afd3c7077d8342a833dccb091a4c6eca8d",
"pubkey": "3c7dc2c587eece050fbc65809b1609d19207f825dd76754b9905e9ca805642a8",
"created_at": 1720380408,
"kind": 1,
"tags": [
[
"e",
"e7ff14e8372047d25c9ed98ea80445ec4510d72fc1789ad0c06a11c7be7ac523",
"wss://relay.primal.net",
"root"
],
[
"p",
"a1c1984994512025327f52c7b6d3a1434a37fbb7a318380cab4832f8daacbb52"
]
],
"content": "Ferguson’s Law states that any great power that spends more on debt service (interest payments on the national debt) than on defense will not stay great for very long. True of Hapsburg Spain, true of ancien régime France, true of the Ottoman Empire, true of the British Empire. -Nial Ferguson\nhttps://m.primal.net/JKMh.jpg",
"sig": "823b3f1bc546d135eccf3504dc2d3aca0393ce34e5f36d47ac803a77354a8fcb813fd763a1b43978a0f7d21d22711abcae19632def951701ac83a23540eb8170"
}
