Reckless Finance, Failed Politics, and the Global Crisis ofAmerican Capitalism
ISBN 9780143114802 | 352 pages | 31 Mar 2009 | Penguin | 5.51 x 7.48in | 18 - AND UP
Arthur Ross Book Award Shortlist
Summary of Bad Money Summary of Bad Money Reviews for Bad Money An Excerpt from Bad Money
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."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
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