
AI-generated summary
Ferguson's law links interest spending on public debt with defense spending.
The law formulated by the (Republican) economist Ferguson maintains that no empire survives when its outlay in interest on public debt exceeds its expenditure on armaments.
In the States it has been happening since the last days of the Biden era. With an aggravating circumstance: Washington state bonds, until recently held largely by the main central banks, are now in the hands of hedge funds.

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According to economist Ferguson's law, exceeding debt interest spending over military spending threatens the stability of the United States. The situation is aggravated by the shift of government bonds from central banks to hedge funds.