Past Present Future cover image

History of Ideas: Hume

Past Present Future

00:00

The Dangers of Debt

He recognizes that it's good for industry. It breaks up some of the strangle hold of established powers and the less adventurous aspects of the economy. He doesn't think it's immoral and wicked and a sin against God. This is a very pragmatic argument. But if debt is routine so that everything is funded that way because it's the path of least resistance, you have squeezed the room that you need in an emergency.

Play episode from 25:51
Transcript

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app