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 new 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.
