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The Paradox of Debt

BY RICHARD VAGUE

Explore the data supporting the findings in the book, 
The Paradox of Debt.
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Financial Data

Download the financial data from the list of countries below. We welcome any data comments or corrections. To submit, please email: research@theparadoxofdebt.com

Charts

View the chart data and sources for each chapter.

CHAPTER 1

Where Do Wealth, Money, and GDP Growth Come From, and Why Does Debt Always Grow?

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CHAPTER 2

Opening the Books on US Debt, in the Five Macrosectors 

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CHAPTER 3

Common Stocks and Real Estate: The Major Drivers of Wealth—and Inequality

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CHAPTER 4

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The Other Six and the Three Paths 

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CHAPTER 5

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The Relative Wealth of Nations

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CHAPTER 6

The Covid Bubble, Inflation, and the Great Reversal

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CHAPTER 7

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The Dark Side of Debt

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CHAPTER 8

Steps on the Debt Staircase and the Limits of Debt

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CHAPTER 9

 

Policy Thoughts and Provocations 

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Private Debt Estimates

Please click below to view private debt estimates referenced throughout the book and database.

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Private Debt Estimates

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Review other debt related analyses

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Other Studies

Review other debt related analyses

 

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Contact

We look forward to your comments, corrections or insights

Governor’s Woods Foundation

ADDRESS

1735 Market Street Suite 2501
Philadelphia, PA 19103

ABOUT THE AUTHOR

RICHARD VAGUE

As the author of The Case for a Debt Jubilee (2021), A Brief History of Doom (2019), and The Next Economic Disaster (2014), Richard Vague established himself as a clear and independent voice in the ongoing conversation about the role of private sector debt in the global economy.  

 

His Illustrated Business History of the United States offers a more general audience a clear-eyed view of 250 years of wealth creation and the people and personalities who drove that growth — and hold it today. And now, Richard’s new book, The Paradox of Debt, offers a compelling case and policy recommendations for new forms of debt monitoring, restructuring, and means to create greater socio-economic equality through training and asset ownership programs to support underserved communities.

 

Following a career that has spanned fields as varied as banking and energy, credit, and the arts, Richard has served since 2020 as Secretary of Banking and Securities for the Commonwealth of Pennsylvania.

Richard also serves on the University of Pennsylvania Board of Trustees and the Penn Medicine Board of Trustees, and on a number of business boards. He is chair of FringeArts Philadelphia, chair of the University of Pennsylvania Press, and chair of the Innovation Advisory Board of the Abramson Cancer Center. He also serves on the Governing Board of the Institute for New Economic Thinking. 

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Vague is the founder of the economic data services Tychos (tychosgroup.org) and Debt Economics (debteconomics.org) as well as the email newsletter service Delanceyplace.com, which focuses on nonfiction literature.

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