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Video which mentions Ferguson's law and has the historians Stephen Kotkin and Nial Ferguson: [https://www.youtube.com/watch?v=uIhwjiJBUz8 The Age of Empire Strikes Back: Stephen Kotkin on Trump, Wrestling, and the Use of American Power], Hoover Institution
 
Video which mentions Ferguson's law and has the historians Stephen Kotkin and Nial Ferguson: [https://www.youtube.com/watch?v=uIhwjiJBUz8 The Age of Empire Strikes Back: Stephen Kotkin on Trump, Wrestling, and the Use of American Power], Hoover Institution
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In the discussion, the British historian Niall Ferguson argues that Ferguson's law likely applies to the United States and the USA is in its late empire stage. On the other hand, the American historian Stephen Kotkin takes the opposite position. The American economist John H. Cochrane takes the middle view.  
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In the discussion, the British historian Niall Ferguson argues that Ferguson's law likely applies to the United States and the USA is in its late empire stage. On the other hand, the American historian Stephen Kotkin takes the opposite position and argues the future of the United States is bright and due to its various strengths and dynamism. The American economist John H. Cochrane takes the middle view.
    
== War debt and the collapse of empires ==
 
== War debt and the collapse of empires ==
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