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Ep 355 Debt: Engine of Prosperity or Road to Ruin? with Richard Vague

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Sinopsis

Debt: Engine of Prosperity or Road to Ruin?   Takeaway: Gain a more comprehensive understanding of the role of debt in the economy Money Learnings: Richard had a pretty typical upper middle class upbringing. He  got an allowance and had a part-time job Bio: Richard Vague’s career has spanned fields as varied as banking, energy, government, and the arts. He recently served as Secretary of Banking and Securities for the Commonwealth of Pennsylvania. Vague previously was managing partner of Gabriel Investments, an early stage venture capital company; was also co-founder, Chairman and CEO of Energy Plus, an electricity and natural gas supply company; and also co-founder and CEO of two banks – First USA, which was sold to Bank One, and Juniper, which was sold to Barclays PLC. He is author of numerous books. His new book is Paradox of Debt: A New Path to Prosperity Without Crisis (Univ of Pennsylvania Press, Juuly 11, 2023). Learn more at richardvague.com   Highlights from this episode:    Richard Vague discusses