Richard Vague on the Economy: What Me Worry?

Today, The Two Mikes spoke with Richard Vague who was a banker for 30 years and most recently retired from the post of Secretary of Banking and Securities for the Commonwealth of Pennsylvania. Mr. Vague recently published a book called the Paradox of Debt: A New Path to Prosperity Without Crisis (Published by the Pennsylvania University Press/available at Amazon and elsewhere). Mr. Vague said that he believed that the U.S. economy is slowly steadying and that in comparison to other parts of the world it’s in "okay shape". The Chinese economy. for example, is be...