21min chapter

Past Present Future cover image

History of Ideas 2: Hume

Past Present Future

CHAPTER

The Dangers of a National Debt-Driven Economy

This chapter discusses the concept of a national debt driven economy and its implications, highlighting its speculative and volatile nature. It explores the views of Hume on the dangers of relying too heavily on debt and the potential consequences of holding too much debt owed to overseas holders. The chapter also examines the fear of defaulting on debt and the changing beliefs regarding debt and defaulting over time.

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