Richard Vague

If you haven’t followed the money, chances are you don’t know the real story of America and its Revolution. Nothing gives a clearer insight into this history than the life of early America’s dominant merchant trader, first bank president, and first central banker, Thomas Willing. In The Banker Who Made America, Richard Vague shows how Willing bankrolled – and in...

When we talk about debt and its impact on our economy, we almost always mean government debt. However, this is only a small part of the picture: individuals, private firms and households owe trillions, and these private debts are vital to understanding the economy. In this iconoclastic book, The Paradox of Debt, Richard Vague examines the assets, liabilities, and incomes...

We were drowning in record levels of debt before the COVID-19 crisis, and we are now deluged in it. U.S. private-sector loans have tripled relative to income since 1950 – and government debt is also at an all-time high. Soaring debt burdens individuals, stifles growth, compounds inequality, and brings falling living standards for millions. The Case for a Debt Jubilee...