Richard Vague

Richard Vague, a financial expert and former Secretary of Banking and Securities for Pennsylvania, dives into the complexities of debt in his latest work. He highlights the paradox where private debt drives economic growth yet contributes to crises. Vague compares U.S. and Chinese debt management strategies, discusses the impact of aging populations, and proposes innovative solutions like debt jubilees. He also emphasizes the historical role of tariffs in supporting American manufacturing and explores new policies for revitalizing the economy.