Bad Money: Reckless Finance, Failed Politics, and the Global Crisis ofAmerican Capitalism

Bad Money: Reckless Finance, Failed Politics, and the Global Crisis ofAmerican Capitalism
by Kevin Phillips

Bad Money: Reckless Finance, Failed Politics, and the Global Crisis ofAmerican Capitalism
List Price: $25.95
Our Price: $0.01
You Save: $25.94 (100%)
Availability: Usually ships in 1-2 business days
Category: Book
See more book details and other editions


(Click here)
Buy this book at online book store in your country
Canada | UK | Germany | France

Book Summary Information

Author: Kevin Phillips
Edition: Hardcover
Audio: English (Unknown); English (Original Language); English (Published)
Published: 2008-04-15
ISBN: 0670019070
Number of pages: 256
Publisher: Viking Adult
Product features:
  • Current Events Politics and Finance

Summary of Bad Money: Reckless Finance, Failed Politics, and the Global Crisis ofAmerican Capitalism

The bestselling author reveals how the U.S. financial sector has hijacked our economy and put America?s global future at risk

In American Theocracy, Kevin Phillips warned us of the perilous interaction of debt, financial recklessness, and the increasing cost of scarce oil. The current housing and mortgage debacle is proof once more of Phillips?s prescience, and only the first harbinger of a national crisis. In Bad Money, Phillips describes the consequences of our misguided economic policies, our mounting debt, our collapsing housing market, our threatened oil, and the end of American domination of world markets. America?s current challenges (and failures) run striking parallels to the decline of previous leading world economic powers?especially the Dutch and British. Global overreach, worn-out politics, excessive debt, and exhausted energy regimes are all chilling signals that the United States is crumbling as the world superpower.

?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. Bad Money is the perfect follow- up to Phillips?s last book, whose dire warnings are now proving frighteningly accurate.

Economics Books

Book Subjects
Most talked about in Economics Books
The Day Wall Street Exploded: A Story of America in Its First Age of Terror ImageThe Day Wall Street Exploded: A Story of America in Its First Age of Terror
by Beverly Gage
Oxford University Press, USA; Published: 2009-01-28; Hardcover; Book
Best price: $5.42
Price in other shops: $27.95
Coal: A Human History ImageCoal: A Human History
by Barbara Freese
Penguin (Non-Classics); Published: 2004-01-27; Paperback; Book
Best price: $6.99
Price in other shops: $15.00
Econometric Models and Economic Forecasts ImageEconometric Models and Economic Forecasts
by Robert Pindyck, Daniel Rubinfeld, Robert S. Pindyck, Daniel L. Rubinfeld
McGraw-Hill/Irwin; Published: 1997-07-01; Hardcover; Book
Best price: $88.50
Elements of Dynamic Optimization ImageElements of Dynamic Optimization
by Alpha C. Chiang
Mcgraw-Hill College; Published: 1992-01; Hardcover; Book
Best price: $375.84
Macroeconomics ImageMacroeconomics
by Campbell McConnell, Stanley Brue
McGraw-Hill/Irwin; Published: 2006-10-27; Paperback; Book
Best price: $30.00
Empire of Wealth: The Epic History of American Economic Power (P.S.) ImageEmpire of Wealth: The Epic History of American Economic Power (P.S.)
by John Steele Gordon
Harper Perennial; Published: 2005-10-25; Paperback; Book
Best price: $8.75
Price in other shops: $15.99
A Term at the Fed: An Insider's View ImageA Term at the Fed: An Insider's View
by Laurence H. Meyer
HarperBusiness; Published: 2006-01-03; Paperback; Book
Best price: $4.24
Price in other shops: $16.95
Built to Last: Successful Habits of Visionary Companies (Harper Business Essentials) ImageBuilt to Last: Successful Habits of Visionary Companies (Harper Business Essentials)
by Jim Collins, Jerry I. Porras
HarperBusiness; Published: 2002-08; Paperback; Book
Best price: $5.91
Price in other shops: $17.99
Predictably Irrational: The Hidden Forces That Shape Our Decisions ImagePredictably Irrational: The Hidden Forces That Shape Our Decisions
by Dan Ariely
Harper; Published: 2009-06; Paperback; Book
Best price: $9.51
Price in other shops: $19.75
The Rise and Fall of the Great Powers: Economic Change and Military Conflict from 1500 to 2000 ImageThe Rise and Fall of the Great Powers: Economic Change and Military Conflict from 1500 to 2000
by Paul Kennedy
Harper Collins Publishers; Published: 1989-03-16; Paperback; Book
Best price: $18.07
Similar Books and other products
Boiling Point: Democrats, Republicans, and the Decline of Middle-Class Prosperity ImageBoiling Point: Democrats, Republicans, and the Decline of Middle-Class Prosperity
by Kevin Phillips
Random House; Published: 1993-01-26; Hardcover; Book
Best price: $2.44
Price in other shops: $23.00
American Theocracy : The Peril and Politics of Radical Religion, Oil, and Borrowed Money in The 21st Century ImageAmerican Theocracy : The Peril and Politics of Radical Religion, Oil, and Borrowed Money in The 21st Century
by Kevin Phillips
Viking; Published: 2007; Hardcover; Book
Best price: $4.09
Political Economy and Global Affairs ImagePolitical Economy and Global Affairs
by Andrew Sobel
CQ Press; Published: 2005-10-15; Paperback; Book
Best price: $66.75
Price in other shops: $84.95
American Dynasty: Aristocracy, Fortune, and the Politics of Deceit in the House of Bush ImageAmerican Dynasty: Aristocracy, Fortune, and the Politics of Deceit in the House of Bush
by Kevin Phillips
Penguin (Non-Classics); Published: 2004-09-07; Paperback; Book
Best price: $3.42
Price in other shops: $15.00
The Trillion Dollar Meltdown: Easy Money, High Rollers, and the Great Credit Crash ImageThe Trillion Dollar Meltdown: Easy Money, High Rollers, and the Great Credit Crash
by Charles R. Morris
PublicAffairs; Published: 2008-03-03; Hardcover; Book
Best price: $3.16
Price in other shops: $22.95
The Great American Stickup: How Reagan Republicans and Clinton Democrats Enriched Wall Street While Mugging Main Street ImageThe Great American Stickup: How Reagan Republicans and Clinton Democrats Enriched Wall Street While Mugging Main Street
by Robert Scheer
Nation Books; Published: 2010-09-07; Paperback; Book
Best price: $5.22
Price in other shops: $15.95
Wealth and Democracy: A Political History of the American Rich ImageWealth and Democracy: A Political History of the American Rich
by Kevin Phillips
Broadway Books; Published: 2002-05-14; Hardcover; Book
Best price: $4.84
Price in other shops: $29.95
American Theocracy: The Peril and Politics of Radical Religion, Oil, and Borrowed Money in the 21st Century ImageAmerican Theocracy: The Peril and Politics of Radical Religion, Oil, and Borrowed Money in the 21st Century
by Kevin Phillips
Viking Adult; Published: 2006-03-21; Hardcover; Book
Best price: $2.38
Price in other shops: $26.95
Wealth and Democracy: A Political History of the American Rich ImageWealth and Democracy: A Political History of the American Rich
by Kevin Phillips
Broadway; Published: 2003-04-08; Paperback; Book
Best price: $4.85
Price in other shops: $18.99
American Theocracy: The Peril and Politics of Radical Religion, Oil, and Borrowed Money in the 21st Century ImageAmerican Theocracy: The Peril and Politics of Radical Religion, Oil, and Borrowed Money in the 21st Century
by Kevin Phillips
Penguin (Non-Classics); Published: 2007-03-27; Paperback; Book
Best price: $7.97
Price in other shops: $17.00
Book store. Illustrated catalog of books on different categories