Articles & Interviews

“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.

The payments funded by government debt actually increase household wealth. Here’s how it all works.

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...

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...

All the signs of risk were there. And yet, various stakeholders downplayed or ignored them. Why don’t we ever learn?

Richard Vague, a former top JPMorgan Chase executive and former Pennsylvania banking secretary, explains the steps the federal government is taking and why.

Why China’s shrinking population both reflects—and portends—far deeper problems.

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.

“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.”

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 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...