Bad Money
by Kevin Phillips · first published 2008
3mentions
1recommended by
3HN commenters
2008first – last mentioned
33% recommend67% neutral
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 ve
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…unless he knows more than one language [and uses it]. For English speakers the only source of information about international affairs, IMO, is books: Internet and TV are useless. For Daniel I'd recommend "Bad Money" by Kevin Phillips.
on “Russia, The Final Frontier For Data Centers?” ↗…is an anchor in my life. Mostly sf and time-tested classics. I'm starting to read Aubrey-Maturin by Patrick O'Brian. I finished Master and Commander and I'm on the next one, Post Captain. I'm reading Bad Money by Kevin Phillips, which basically called the market failures early this year. I've got A Canticle for Leibowitz and Anathem, which I'm doing as a pair. I started reading Stephen King in chronological…
on “Do you read?” ↗…non-ability to speak Russian, I'm curious as to how my nick would imply that I "live in a [sic] informational isolation and has no access to news..." I'm also looking forward to a book that Amazon touts "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…
on “Russia, The Final Frontier For Data Centers?” ↗