The Paradox of Debt
A New Path to Prosperity Without Crisis
Book •
In "The Paradox of Debt," Richard Vague conducts a comprehensive analysis of the American economy, examining both private and public debt.
He reveals how private debt is a crucial driver of economic growth but also a source of instability and inequality.
Vague argues that while debt is essential, it needs periodic deleveraging to prevent crises.
The book offers a holistic perspective, considering the interconnectedness of various sectors and proposing policy solutions for managing debt effectively.
Ultimately, it challenges conventional wisdom and offers a new path towards sustainable prosperity.
He reveals how private debt is a crucial driver of economic growth but also a source of instability and inequality.
Vague argues that while debt is essential, it needs periodic deleveraging to prevent crises.
The book offers a holistic perspective, considering the interconnectedness of various sectors and proposing policy solutions for managing debt effectively.
Ultimately, it challenges conventional wisdom and offers a new path towards sustainable prosperity.
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Richard Vague, "The Paradox of Debt: A New Path to Prosperity Without Crisis" (U Pennsylvania Press, 2023)
