Bad Money

 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.

Review: "A harrowing picture of national danger that no American reader will welcome, but that none should ignore. . . . Frighteningly persuasive."

-Alan Brinkley, "The New York Times"

"An indispensable presentation of the case against things as they are."

-"Time"

"Sobering . . . positively alarming."

-"Los Angeles Times"

Prizes: Commended for Connecticut Book Awards (Nonfiction) 2009.