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Bad Money Hardcover - 2008
by Phillips, Kevin
- Used
- very good
- Hardcover
- Signed
- first
The bestsellingauthor revealshow the U.S.financial sectorhas hijacked oureconomy and putAmerica's globalfuture at risk
In American Theocracy, Kevin Phillips warned us of the perilousinteraction of debt, financial recklessness, and the increasing costof scarce oil. The current housing and mortgage debacle is proofonce more of Phillips's prescience, and only the first harbinger of anational crisis. In Bad Money, Phillips describes the consequences ofour misguided economic policies, our mounting debt, our collapsinghousing market, our threatened oil, and the end of Americandomination of world markets. America's current challenges (andfailures) run striking parallels to the decline of previous leadingworld economic powers especially the Dutch and British. Globaloverreach, worn-out politics, excessive debt, and exhausted energyregimes are all chilling signals that the United States is crumblingas the world superpower.
'Bad money' refers to a new phenomenon in waywardmegafinance the emergence of a U.S. economy that is globallydependent and dominated by hubris-driven financial services.Also 'bad' are the risk miscalculations and strategic abuses of newmultitrillion-dollar products such as asset-backed securities andthe lure of buccaneering vehicles like hedge funds. Finally, theU.S. dollar has been turned into bad money as it has weakenedand become vulnerable to the world's other currencies. In all theseways, 'bad' finance has failed the American people and pointedU.S. capitalism toward a global crisis. Bad Money is the perfect follow-up to Phillips's last book, whose dire warnings are now provingfrighteningly accurate.
Description
Standard delivery: 4 to 12 days
Details
- Title Bad Money
- Author Phillips, Kevin
- Binding Hardcover
- Edition 1st Edition
- Condition Used - Very Good
- Pages 256
- Volumes 1
- Language ENG
- Publisher Viking, New York
- Date 2008
- Illustrated Yes
- Bookseller's Inventory # 044400
- ISBN 9780670019076 / 0670019070
- Weight 0.99 lbs (0.45 kg)
- Dimensions 9.52 x 6.03 x 0.96 in (24.18 x 15.32 x 2.44 cm)
- Ages 18 to UP years
- Grade levels 13 - UP
- Library of Congress subjects United States - Economic conditions - 2001-, United States - Economic policy - 2001-
- Library of Congress Catalog Number 2007045559
- Dewey Decimal Code 330.973
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