Bad Money: The Inexcusable Failure of American Finance: An Update to Bad Money
Language: English
Business & Economics Economic Conditions Economic History Economic Policy General Political Economy Political Science Public Policy United States United States - Economic Conditions - 2001 United States - Economic conditions - 20th century United States - Economic policy - 20th century United States - Economic policy - 2001
Publisher: Penguin
Published: Mar 30, 2009
Description:
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. **