Bad Money: Reckless Finance, Failed Politics, and the Global Crisis ofAmerican Capitalism
In his acclaimed book American Theocracy, Kevin Phillips warned of the perilous interaction of debt, financial recklessness, and the spiking cost (and growing scarcity) of oil- warnings that are proving to be frighteningly accurate. Now, in his most significant and timely book yet, Phillips takes the full measure of this crisis. They are a part of what he calls "bad money"- not just the depreciated dollar, but also the dangerous attitudes and the flawed products of wayward mega-finance. His devastating conclusion: In its hubris, the financial sector has hijacked the American economy and put our very global future at risk-and it may be too late to stop it.
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Review: Bad Money: Reckless Finance, Failed Politics, and the Global Crisis of American CapitalismUser Review - Wael - Goodreads
"Although the subject is very dense and the writing style of is not the easiest I have read, this book is replete with strikingly persuasive arguments and profound analyses backed by scores of fully ... Read full review
Review: Bad Money: Reckless Finance, Failed Politics, and the Global Crisis of American CapitalismUser Review - Justin - Goodreads
Although I don't agree with everything he says in this book, for the most part he's spot on in his analysis that the current economic depression and the Crisis of 2008 were caused in large part by ... Read full review