Book Review: ‘The Paradox Of Debt: A New Path To Prosperity Without Crisis’ Makes Important And Complicated Topics Accessible To Both Policymakers And The Public Alike

  In this iconoclastic book, Richard Vague examines the assets, liabilities, and incomes of the American economy as a whole, not just of the government. The book shows that debt growth in excess of GDP growth is a feature of modern economic systems, not a bug – and thus, ever-increasing leverage is built into the …