The Atlantic's Washington editor at large Steve Clemons and former First USA Bank CEO Richard Vague take a look at how we understand the economy and a new report on the ratio of private debt to GDP.
Steve Clemons is Washington editor at large for The Atlantic and editor of Atlantic Live. He writes frequently about politics and foreign affairs.
Clemons is a senior fellow and the founder of the American Strategy Program at the New America Foundation, a centrist think tank in Washington, D.C., where he previously served as executive vice president. He writes and speaks frequently about the D.C. political scene, foreign policy, and national security issues, as well as domestic and global economic-policy challenges.
In addition to his position as one of the managing partners of Gabriel Investments, Vague is also the Chairman of The Governor’s Woods Foundation, a non-profit philanthropic organization and the managing director of The Miletos Group. Previously, he was co-founder, Chairman and CEO of Energy Plus, an electricity and natural gas supply company operating in states throughout the U.S. that was sold to NRG Energy in 2011. Vague was also co-founder and CEO of two credit card companies – First USA, which grew to be the largest Visa issuer in the industry and which was sold to Bank One in 1997, and Juniper Financial, the fastest growing credit card issuer of the past decade, which was sold to Barclays PLC in 2004.