Two years ago Kevin Phillips warned about the dangers of easy cash, growing debt, and dependence on foreign oil. He explains why he believes we are now in a full-fledged crisis, what led the U.S. to its current predicament, and what can be done to address what he calls the ‘global crisis of American capitalism.’

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  • Kevin Phillips political and economic commentator. His most recent book is titled: "Bad Money: Reckless Finance, Failed Politics and the Global Crisis of American Capitalism"

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