Bad Money The Inexcusable Failure of American Finance: an Update to Bad Money (a Penguin Group ESpecial from Penguin Books) |
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| Author:
| Phillips, Kevin |
| ISBN: | 978-0-14-311480-2 |
| Publication Date: | Mar 2009 |
| Publisher: | Penguin Publishing Group
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| Imprint: | Penguin Books |
| Book Format: | Paperback |
| List Price: | USD $16.00 |
Book Description:
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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...
More DescriptionIn 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.