The Case for a Debt Jubilee
Book •
In 'The Case for a Debt Jubilee,' Richard Vague advocates for structured, large-scale debt relief to reset household and sovereign balance sheets and alleviate economic stagnation caused by excessive debt burdens.
He examines historical precedents for debt jubilees and analyzes modern financial systems to argue that targeted forgiveness can restore consumption, reduce inequality, and spur growth.
Vague combines policy prescription with economic history to make the case that contemporary economies cannot sustain long-term growth under persistent high private debt.
The book considers implementation challenges and potential moral hazard, proposing practical frameworks to mitigate them.
It aims to shift the policy conversation toward proactive measures to address systemic indebtedness.
He examines historical precedents for debt jubilees and analyzes modern financial systems to argue that targeted forgiveness can restore consumption, reduce inequality, and spur growth.
Vague combines policy prescription with economic history to make the case that contemporary economies cannot sustain long-term growth under persistent high private debt.
The book considers implementation challenges and potential moral hazard, proposing practical frameworks to mitigate them.
It aims to shift the policy conversation toward proactive measures to address systemic indebtedness.
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Andrew Keen
Richard Vague
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