2min chapter

Past Present Future cover image

History of Ideas: Hume

Past Present Future

CHAPTER

The Anti-Debt Argument in the 21st Century

Hume believes that relying on debt encourages not just frivolous finance but frivolous war making. Because it's so easy to borrow money, it's very tempting for politicians to undertake wars they don't need to fight. Hume would fear someone exploiting wild popular sentiment and the risks that that runs in a heavily indebted debt-laden state.

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