2min chapter

Past Present Future cover image

History of Ideas: Hume

Past Present Future

CHAPTER

The Lessons of Hume's Essay on Public Credit

It would be a mistake for anyone to think that therefore what you get from Hume is an argument for America being willing to default on its debts, he says. He's talking about an era where Britain has been fighting a war, the war of Austrian succession, it's running up debts,. things feel a bit sketchy and out of control, but Hume believes there is at least the possibility of intelligent responsible politicians getting a grip. And this is his suggested way of getting a grip, it's better than the alternatives.

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