Books Explain the Financial Crisis
Bill Moyers told his audience on his show this week, “if you read only one book on the roots of this finanacial meltdown, I recommend this one, Bad Money: Reckless Finance, Failed Politics, and the Global Crisis of American Capitalism by Kevin Phillips.”
People listened. the book went to #9 on Amazon’s bestseller list (it’s now at #13). Reserves are heavy in some areas.
Watching the show, you can see why Moyers recommends the book. Phillips is a remarkably colorful speaker for an economist. Saying that the roots of the problem are bi-partisan, he tells Moyers, “if [Clinton Treasury Secretary Bob] Rubin…was reincarnated, he would come back as a pail, because this guy bailed out everything you can imagine.”
Bad Money was on the NYT Bestseller list for most of May.
Bad Money: Reckless Finance, Failed Politics, and the Global Crisis of American Capitalism
Kevin Phillips
- Hardcover: $25.95; 256 pages
- Publisher: Viking Adult (April 15, 2008)
- ISBN-10: 0670019070
- ISBN-13: 978-0670019076
- Audio CD: Unabridged; $29.95
- Publisher: Penguin Audio; (April 15, 2008)
- ISBN-10: 014314328X
- ISBN-13: 978-0143143284
Charles R. Morris
- Hardcover: $22.95; 224 pages
- Publisher: PublicAffairs (March 3, 2008)
- ISBN-10: 1586485636
- ISBN-13: 978-1586485634
- Audio CD: Unabridged; $27.95
- Publisher: Phoenix Audio; (July 1, 2008)
- ISBN-10: 1597772143
- ISBN-13: 978-1597772143
The Trillion Dollar Meltdown was on the NYT nonfiction bestseller list for two weeks in April and May.