Bad Money by Kevin Phillips
Reckless Finance, Failed Politics, and the Global Crisis of American Capitalism

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Synopsis

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 Kevin Phillips

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Kevin Phillips, a political and economic commentator for more than three decades and a former White House strategist, is the author of ten books.
 
Published March 31, 2009 by Penguin Books. 352 pages
Genres: Business & Economics, Political & Social Sciences, Education & Reference. Non-fiction

Unrated Critic Reviews for Bad Money

The New York Times

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At a time when the Cassandras of finance are looking like realists, there is no gloomier prophet than Kevin Phillips.

Apr 21 2008 | Read Full Review of Bad Money: Reckless Finance, ...

The New York Times

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Meanwhile, as alternative energy has caught fire, the sector has moved on from financing finance to financing wind turbines, ethanol plants, solar panel manufacturers — the types of real economic activity Phillips lauds.

Aug 03 2008 | Read Full Review of Bad Money: Reckless Finance, ...

Daily Kos

Money is "bad," in the historical sense, when a leading world economic power passing its zenith—before the United States, think Hapsburg Spain, the maritime Dutch Republic (when New York was New Amsterdam), and imperial Britain just before World War I—lets itself luxuriate in finance at the expen...

May 25 2008 | Read Full Review of Bad Money: Reckless Finance, ...

M/C Anderson

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May 01 2009 | Read Full Review of Bad Money: Reckless Finance, ...

OpEdNews

Oil and debt have combined to show what the U.S. "had ceased to do - produce enough of its own manufactures and oil - as well as what it had started to do: fantasize about military and financial imperialism....Few miscalculations have been so tragic.[italics in original]" Within all the...

Dec 17 2008 | Read Full Review of Bad Money: Reckless Finance, ...

truthdig

Gabel, February 1, 2007 at 2:07 pm Link to this comment(Unregistered commenter).

Feb 01 2007 | Read Full Review of Bad Money: Reckless Finance, ...

Artvoice

In the mid 1980s, his book The Politics of Rich and Poor helped embolden some political progressives who in turn helped pave the way for a resurgence of mildly progressive politics in the 1990s.

May 15 2008 | Read Full Review of Bad Money: Reckless Finance, ...

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