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Bad money reckless finance, failed politics, and the global crisis of American capitalism

"Bad money" refers to a new phenomenon in wayward megafinance--the emergence of a U.S. economy that is globally dependent and dominated by hubris-driven financial services. Also "bad" are the risk miscalculations and strategic abuses of new multitrillion-dollar products such as asset-backed securities and the lure of buccaneering vehicles like hedge funds. Finally, the U.S. dollar has been turned into bad money as it has weakened and become vulnerable to the world's other currencies. In all these ways, "bad" finance has failed the American people and pointed U.S. capitalism toward a global crisis.

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  • ""Bad money" refers to a new phenomenon in wayward megafinance--the emergence of a U.S. economy that is globally dependent and dominated by hubris-driven financial services. Also "bad" are the risk miscalculations and strategic abuses of new multitrillion-dollar products such as asset-backed securities and the lure of buccaneering vehicles like hedge funds. Finally, the U.S. dollar has been turned into bad money as it has weakened and become vulnerable to the world's other currencies. In all these ways, "bad" finance has failed the American people and pointed U.S. capitalism toward a global crisis."@en
  • "Unabridged."@en
  • "Former White House strategist and best-selling author Kevin Phillips critically analyzes the effects resulting from America's failed and flawed economic policies, as well as such issues as the falling housing market and ever-growing debt."@en
  • "The critically acclaimed author of American theocracy delivers a thought-provoking look at the state of our economy. Two years ago, Kevin Phillips warned us of the perilous interaction of debt, financial recklessness and the increasing cost and scarcity of oil. The current crisis in housing and mortgages--virally infecting the entire structure of credit and banking--are sadly proof of Phillips astute prescience. This national crisis will likely play directly into the 2008 election and then dominate the challenge facing our government in 2009. Phillips presents the current state of economic vulnerability within an historical and global context, and argues that we are reaching the end of a five-century continuum of over-speculative global capitalism, one that American leaders are reluctant to face."@en

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  • "Downloadable audio books"@en
  • "Audiobooks"@en

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  • "Bad money : reckless finance, failed politics, and the global crisis of American capitalism"
  • "Bad money reckless finance, failed politics, and the global crisis of American capitalism"
  • "Bad money reckless finance, failed politics, and the global crisis of American capitalism"@en
  • "Bad money [reckless finance, failed politics, and the global crisis of American capitalism]"@en

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