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Bad Money

The Inexcusable Failure of American Finance: An Update to Bad Money

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Bad Money

By: Kevin Phillips
Narrated by: Scott Brick
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Summary

 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.©2008 Kevin Phillips; (P)2008 Penguin Americas Economic History Economics Politics & Government United States World Money Capitalism Banking Socialism Great Recession US Economy Taxation Iran Economic Policy Imperialism Global Financial Crisis Soviet Union American History Middle East
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Critic reviews

"A harrowing picture of national danger that no American reader will welcome, but that none should ignore. . . . Frighteningly persuasive."
-Alan Brinkley, The New York Times

"An indispensable presentation of the case against things as they are."
-Time

"Sobering . . . positively alarming."
-Los Angeles Times
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