Ferguson: We're One Downgrade Away From The End Of American Empire

Business Insider | February 22, 2010
By Gregory White

Niall Ferguson is candidly calling time on the American Empire, or at least pointing to the combination of factors that will soon lead to its demise, in the latest issue of Foreign Affairs.

Ferguson, who has become one of the leading intellectuals of the deficit hawk camp, theorizes that empire's don't decline in the slow, cyclical process long assumed. Instead it is dramatic events that push them over the edge to oblivion.

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