Smith’s personal stakes shaped his debt skepticism

Evidence

Smith lived though the trauma of the collapse of Ayr Bank, a debt-financed Scottish bank that threatened the solvency of Smith’s main benefactor, the Earl of Buccleuch. — Mark Blyth, Austerity, 306

Categorization

• XREF: connects to: Hume and Smith’s debt skepticism was shaped by witnessed financial collapses — Mark Blyth, Austerity: The History of a Dangerous…, 306