Publisher 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.
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“As usual, Kevin Philips does not disappoint with this well researched book anticipating the Market Crash of 2008. A former Republican consultant, Philips has made the leap from a partisan politician to an even handed commentator about the state of the economy.”
—
Richard (4 out of 5 stars)
