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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