EPISODE · Oct 17, 2025 · 30 MIN
Virginia Focus - Paradox Of Debt
from Virginia Focus
Debt is the real factor that drives both economic growth and financial crises from recessions to extreme inequality. In order to understand this paradox, we need to address why a certain amount of private debt is vital to the economy. On this episode, we're talking to Richard Vague, an author, Former Secretary of Banking for Pennsylvania, and former CEO of two banks. His book "Paradox of Debt" reveals the role that debt plays in our lives, and how we can make better use of it without leading to crisis.
What this episode covers
Debt is the real factor that drives both economic growth and financial crises from recessions to extreme inequality. In order to understand this paradox, we need to address why a certain amount of private debt is vital to the economy. On this episode, we're talking to Richard Vague, an author, Former Secretary of Banking for Pennsylvania, and former CEO of two banks. His book "Paradox of Debt" reveals the role that debt plays in our lives, and how we can make better use of it without leading to crisis.
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Virginia Focus - Paradox Of Debt
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