The Debt We Don't Talk About

Richard Vague discusses the overlooked importance of private debt in economic outcomes, drawing from his extensive banking experience. He highlights historical debt crises, challenges in data collection, and current trends, particularly in China. Vague advocates for debt restructuring to address high private debt levels and prevent future crises.

How does Richard Vague describe the state of private debt in the current economy?

What is the significance of the term 'jubilee' in the context of debt?

What historical examples does Richard Vague provide regarding debt forgiveness?

What does Richard Vague suggest is necessary for understanding financial crises?