I Want This Book
There's a show on NPR hosted by Faith Salie called
Fair Game. I
love this radio program. The host is very witty (she has performed as a stand-up comedian) and extremely articulate and intelligent (she's a Rhodes scholar, getting her master's degree at Oxford, and also has a degree from Harvard). Even though she's more liberal than I am, I appreciate her brand of humor and the intelligent, yet playful, dialogue she cultivates with her guests. Now, getting back to the book
Bad Money: Reckless Finance, Failed Politics and the Global Crisis of American Capitalism...
Faith interviewed the author, Kevin Phillips, on Fair Game this evening and it piqued my interest in this book. I'm going to add it to my wishlist and perhaps it might turn up at my local library. Phillips talks about the economy being led by financing, and how the
government has decided to bail out things that shouldn't survive, and
that's what getting us into all this trouble. Mr. Phillips made an interesting comment during the interview when hypothesizing about these events that have led to the current economic crisis:
"What gets bailed out gets big. And what gets big when it's bailed out gets reckless. And that's what we've got. Big, fat, and reckless."
Amen.