 | Bad Money: Reckless Finance, Failed Politics, and the Global Crisis of American Capitalism
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 2008-11-17 - bad money
This book should be read before The Predator State is read. It is a less detailed, somewhat bias claim the understand the current situation in our economy but it lacks the meat that Galbraith covers in the Predator State.
I do believe that is is worth reading so that some understanding of what we are doing by borrowing so much at this time has caused. We seem to need a good recession to get back our ethics and begin real growth sometime soon. We are in very bad shape and now that the problem has become so large, we cannot just keep feeding the greedy. We need taxes and punishment for the white collar stupid managers that got us here. If only we had the ethics that were in place before the Yuppies and Yippies told us they wanted change but forgot what they were doing due to drugs, we might have been better off today. They failed and they failed by huge amounts.
 2008-11-16 - Too bad he is an ideologue
If you are a Bush hater you will like this one. Too many statistics though. The author does have some interesting ideas about the current economic crisis and I look forward to learning more and deciding which I think are true.
2008-11-05 - Interesting but lack of attention to the Kindle version
I'd give this 3 1/2 stars as I found the content fairly well presented but felt some of the issues were too rushed and could be more deeply examined analytically. It felt like the publisher's deadline was the more important criterion. Also, I appreciate that this was not a political partisan or ideological diatribe. Phillips is pretty fair in assigning failures to the people in control.
The loss of a star was due to the Kindle edition not linking footnotes or the index to their references in the text. What use is an index with no links or location numbers? Thus, as a non-fiction work for future reference it fails poorly. How about a revised Kindle edition that previous buyers can upgrade to?
 2008-11-03 - Best Book Around on the Financial Crisis
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.
 2008-11-02 - bad book
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.
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