Kevin Phillips on Extraordinary Debt
World Affairs Council: Nor Cal - World Affairs Council of Northern California
Over the past months, the U.S. dollar has continued its free fall. In Bad Money: Reckless Finance, Failed Politics and the Global Crisis of American Capitalism, Kevin Phillips argues that the American economy, despite its global dominance, is built upon a house of cards. Phillips investigates the decline of the dollar over the last six years, proposing this is the result of Washington's financial irresponsibility, as well as its failure in Iraq. He also explores the political and commercial implications of its plummeting value and weighs in on what the new administration must do to reverse the tide of wayward megafinance - World Affairs Council of Northern California
