Richard Vague has a great new article on debt

In Democracy: A Journal of Ideas, The Private Debt Crisis by Richard Vague. Best thing I've read in a long time.

They call it a 28-minute read (so you know).

Do I agree with it? Not with everything, no. Not with his solution and not with parts of his analysis. But most of his analysis and all of his observations are just right.

Recommended reading.