The Paradox of Debt: A New Path to Prosperity Without Crisis
“Debt is a paradox. It creates and destroys,” contends Vague (The Case for a Debt Jubilee), the former secretary of banking and securities for Pennsylvania, in this dense treatise.
OPINION > CONGRESS BLOG
Government debt is never the problem — private debt is
The government debt ceiling and the important role of government borrowing and debt are misunderstood because many politicians and commentators are blind to American history...
COMMENTARY > PERSONAL FINANCE
Americans are so indebted that it’s holding back the economy. These 4 key reforms could give them room to breathe
While government debt has been dominating the news, there is far more private debt than public debt in the U.S. economy–and it represents the greater economic challenge...
‘The Paradox of Debt: A New Path to Prosperity Without Crisis’ Makes Important and Complicated Topics Accessible to Both Policymakers and the Public Alike
In these times of conflicted narratives, it would seem clear that we need more data-driven analyses regarding a wide range of public policy issues. Toward such lofty aims, Richard Vague weighs in...
What killed Silicon Valley Bank, and who will cover its losses?
Richard Vague, a former top JPMorgan Chase executive and former Pennsylvania banking secretary, explains the steps the federal government is taking and why.
History of U.S. Business with Ali Velshi and Richard Vague
Two of America's greatest thinkers on business and the economy joined us for a Citizen Speaks event last week at Fitler Club. See what you missed.
BANKING & FINANCIAL SERVICES
Richard Vague: 'Sea change' underway in lender attitudes toward Philadelphia minority business owners
“I’ve been in banking a long time,” Vague told Clemons. “And I have never seen the kind of attitude, the kind of pro Black and Brown business attitude pervasively held across the banking community as it is now.”
Rising Private Sector Debt Leads to Rising Inequality – Here’s Why, and How to Fix It
Recent debates surrounding President Biden’s plan for government spending on infrastructure has refocused attention on public debt, but the sleeping and dangerous debt giant is really private debt.
Richard Vague’s Amazing New Book – “The Case for a Debt Jubilee”
Richard Vague’s new book is titled The Case for a Debt Jubilee, its title encapsulating Vague’s views on approaching financial policy in a post-Covid 19 political and legislative landscape...