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Bad Money: The Inexcusable Failure of American Finance: An Update to Bad Money
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Bad Money: The Inexcusable Failure of American Finance: An Update to Bad Money (a Penguin Group Especial from Penguin Books) Paperback - 2009

by Kevin Phillips

The bestselling author of "American Theocracy" reveals how the U.S. financial sector has hijacked the economy and put America's global future at risk.


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.

From the publisher

Kevin Phillips has been a political and economic commentator for more than three decades. A former White House strategist, he is a regular contributor to the Los Angeles Times and NPR and writes for Harper’s and Time. His books include New York Times bestsellers The Politics of Rich and Poor and Wealth and Democracy.

Details

  • Title Bad Money: The Inexcusable Failure of American Finance: An Update to Bad Money (a Penguin Group Especial from Penguin Books)
  • Author Kevin Phillips
  • Binding Paperback
  • Edition Updated
  • Pages 352
  • Volumes 1
  • Language ENG
  • Publisher Penguin Books, NY
  • Date 2009-03-31
  • Illustrated Yes
  • Features Bibliography, Illustrated, Index, Price on Product - Canadian, Table of Contents
  • ISBN 9780143114802 / 0143114808
  • Weight 0.63 lbs (0.29 kg)
  • Dimensions 8.44 x 5.46 x 0.81 in (21.44 x 13.87 x 2.06 cm)
  • Ages 18 to UP years
  • Grade levels 13 - UP
  • Library of Congress subjects United States - Economic conditions - 2001-, United States - Economic policy - 2001-
  • Dewey Decimal Code 330.973

Media 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

About the author

Kevin Phillips has been a political and economic commentator for more than three decades. A former White House strategist, he is a regular contributor to the Los Angeles Times and NPR and writes for Harper's and Time. His books include New York Times bestsellers The Politics of Rich and Poor and Wealth and Democracy.
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Bad Money: Reckless Finance, Failed Politics, and the Global Crisis of American Capitalism
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Bad Money
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Bad Money

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