3min chapter

Past Present Future cover image

History of Ideas: Hume

Past Present Future

CHAPTER

The Dangers of a National Debt-Driven Economy

A national debt-driven economy is inherently speculative and frothy, says Hume. It's dangerous because it creates certain conditions that he doesn't approve of. But more than that, it also creates hostages to fortune in the future," writes David Frum. " Debt should be there for an emergency."

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