Dan Oliver Ponders History and Debt

Dan Oliver Ponders History and Debt
The U.S. Capitol in Washington, D.C., on Nov. 19, 2011. Brendan Hoffman/Getty Images
|Updated:
Epoch Times: Mr. Oliver, your research to understand our current debt problem has recently taken you back to the 18th century and the Scottish philosopher David Hume.
Dan Oliver: One of the interesting things about David Hume is that he viewed the debt position of England in the mid-1700s as being completely precarious. Because they went from 10 million pounds or a number like that to 200 million and he called it an egregious bubble.
Valentin Schmid
Valentin Schmid
Author
Valentin Schmid is a former business editor for the Epoch Times. His areas of expertise include global macroeconomic trends and financial markets, China, and Bitcoin. Before joining the paper in 2012, he worked as a portfolio manager for BNP Paribas in Amsterdam, London, Paris, and Hong Kong.