Richard Vague

Richard Vague

Richard Vague is Secretary of Banking and Securities for the Commonwealth of Pennsylvania. Prior to his 2020 appointment, he was managing partner of Gabriel Investments and chair of The Governor’s Woods Foundation, a nonprofit philanthropic organization. Previously, he was co-founder, chairman and CEO of Energy Plus, an electricity and natural gas company. Vague was also co-founder and CEO of two banks and founder of the economic data service Tychos. His new book is The Case for a Debt Jubilee (Polity Press, Nov. 22, 2021).


Richard Vague is an opinion columnist for the CEOWORLD magazine. You can follow him on LinkedIn. For more information, visit the author’s website.
CEO Insider

Rising Private Sector Debt Leads to Rising Inequality – Here’s Why, and How to Fix It

Recent debates surrounding President Biden’s plan for government spending on infrastructure has refocused attention on public debt, but the sleeping and dangerous debt giant is really private debt.    American households were drowning in debt before the COVID-19 crisis, and now they’re deluged by it. Household debt today totals $17.5 trillion,...