Richard Vague

Involvement

Richard Vague is currently managing partner of Gabriel Investments, an early stage venture capital fund, and chair of The Governor’s Woods Foundation, a non-profit philanthropic organization. Previously, he was co-founder and CEO of Energy Plus, and also co-founder and CEO of two consumer banks, First USA and Juniper Financial.

Richard currently serves on the University of Pennsylvania Board of Trustees and the Penn Medicine Board of Trustees, and on a number of business boards including the Franklin Square Energy and Power Fund. He is chair of FringeArts Philadelphia, chair of the University of Pennsylvania Press, and chair of the Abramson Cancer Center Development Leadership Council. He is also on the boards of the Franklin Institute, the Museum of the American Revolution, the Pennsylvania Academy of the Fine Arts and Visit Philadelphia.

Richard is the author of A Brief History of Doom: Two Hundred Years of Financial Crises and The Next Economic Disaster, as well as numerous published articles on economic theory. He is editor of the blog delanceyplace.com, which focuses on non-fiction literature.

By this expert

Technology: From Copycats to Innovators

Article | Mar 19, 2019

Richard Vague looks at what it’ll take for the U.S. to win the R&D race

Rapid Money Supply Growth Does Not Cause Inflation

Article | Dec 2, 2016

Neither do rapid growth in government debt, declining interest rates, or rapid increases in a central bank’s balance sheet

The Private Debt Crisis

Article | Sep 21, 2016

China is drowning in it. The whole world has too much of it. History suggests: This won’t end well.

The Coming China Crisis

Article | Mar 18, 2015

Rapid private-debt growth threw Japan into crisis in 1991 and did the same to the United States and Europe in 2008. China may be next.

Featuring this expert

NextGen

Private Debt Initiative

Event Conference | Hosted by Private Debt | Jun 20–21, 2019

Shaped by the 2008 financial crisis, a new generation of economists is expanding the boundaries of economic thinking on credit cycles, private debt, and financial stability.

INET Welcomes Two Governing Board Members

News Aug 7, 2018

Arminio Fraga and Richard Vague bring their economic expertise to INET

The Debt We Don't Talk About

Video | Mar 28, 2018

Mainstream economists have ignored private debt to our peril

World Economic Roundtable

Explaining a Decade of Stagnation: Where Do We Go From Here?

Event Discussion | Dec 14, 2017

The World Economic Roundtable seeks to help the business, investment, and policy communities understand ongoing changes in the world economy and to promote a discussion of ideas that can advance the goal of a widely shared global prosperity.