07 May 2008

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

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

Renowned political analyst Kevin Phillips argues successive administrations have imperiled the US economy by a combination of shortsighted policies and a trend against regulation. These include unparalleled credit card debts, the expansion of financial industries such as hedge funds, ballooning national debts, and deliberately altering statistics like inflation and unemployment to mask the accurate picture. More at democracynow.org

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