Bad Money: Reckless Finance, Failed Politics, and the Global Crisis of American Capitalism (Paperback)
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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.
About the Author
Kevin Phillips has been a political and an economic commentator for four decades. This is his fifteenth book, the last four of which have been New York Times bestsellers. The Cousins Wars was a finalist for the Pulitzer Prize in history in 2000. He lives in Connecticut.
"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."
"Sobering . . . positively alarming."
-Los Angeles Times