Richard Vague

The Truth About Government Debt

The payments funded by government debt actually increase household wealth. Here's how it all works.

The SVB Failure: Why It Happened and What It Means

All the signs of risk were there. And yet, various stakeholders downplayed or ignored them. Why don’t we ever learn?

China’s Generation of Demise

Why China’s shrinking population both reflects—and portends—far deeper problems.

Why China Might Help End This War

It’s because the People’s Republic has as much—or more—to lose in the Russia-Ukraine war as any non-combatant.

Whither Inflation?

Whether we're able to get past high inflation in a year or two will depend in large part on how well we move past COVID. Here's why.