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

There is simply nothing better for understanding the mess we are in and what we will have to address if we really hope to dig our way out of this very deep hole. Required reading for all Americans. It is surprisingly readable for the information and deeper understanding Phillips is giving us. Puts things together so well you end up feeling like every other source of information or commentary sees only part of the elephant. Pair this with "The World is Flat" by Tom Friedman and you've got the ideal gift for each of your children, teenage or above, to prepare them for what's ahead.

This book could have been a nice 10 page pamphlet. The other 190+ pages are just a repeat of the same arguments, sometimes using the same words. And, after hearing the author on Bill Moyers PBS program I expected more and perhaps even a prescription for how to get out of our 2008 financial meltdown. Unless you are a pessimist and see the end of American capitalism this book is not for you.

Kevin Phillips once again gives clarity to a complex issue. This book should be required reading by anybody involved in financial decisions in the public and private sectors.

This book details the possibly fatal indebtedness of the US to lenders throughout the rest of the world. The only major omission is a discussion of the instruments that may be the final nail in our coffin, Credit Default Swaps.

"Bad Money" is the most brilliantly written analysis of the economic situation we confront today. I purchased it and read it thanks to Bill Moyers' recommendation and his interview with Kevin Phillips, the author. As enlightening as it was, and terrifying--it was also entertaining. The prose style, the apercus, the freedom of the content--made for aremarkable--even stunning read. I can not recommend it more highly.