Bad Money: The Inexcusable Failure of American Finance: An Update to Bad Money (A Penguin Group eSpecial from Penguin Books)
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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LibraryThing ReviewUser Review - cdeuker - LibraryThing
Okay, we're all going to hell in a handbasket. Oil, bad mortgage loans, banking system that is not transparent. The Euro or the Yen will replace the dollar as the currency of choice. Our standard of ... Read full review
LibraryThing ReviewUser Review - carterchristian1 - LibraryThing
Kevin Phillips has published 13 books relating to the subject of doom of the American financial system and as of this review almost 100 reviewers on Amazon have recommended this book and admitted ... Read full review