Louis Loeb has argued that Hume is pessimistic while Peirce is optimistic about the attainment of fully stable beliefs. In contrast, we argue that Hume was optimistic about such attainment but only if the scope of philosophical investigation is limited to first-order explanatory questions. Further, we argue that Peirce, after reformulating the pragmatic maxim to accommodate the reality of counterfactuals, was pessimistic about such attainment. Finally, we articulate and respond to Peirce's objection that Hume's skeptical arguments in T 1.4.1 and (...) his commitment to common sense indicate that Hume was confused about whether we could have stable beliefs at all. (shrink)