"An Ottoman warning for indebted America
By Niall Ferguson
Published: January 1 2008 18:37 | Last updated: January 1 2008 18:37
Future historians will look back on the current decade as a turning point comparable with that of the Seventies. No, not the 1970s. This is not going to be another piece pointing out the coincidence of an unpopular Republican president, soaring oil prices, a sagging dollar and an unwinnable faraway war. I am talking about the 1870s."
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