Nicholas von Hoffman reviews Bad Money

At this juncture the dimensions of the disaster are not clear. An honest count would show 10 or 11 percent of the labor force is out of work. If the numbers continue to climb at the present rate, by this time next year they will begin to match those of the gray days of the New Deal era.

By then we may begin to tell each other that none of this misery had to happen. There was no end of warnings and no one was more prescient or more persistent in foretelling what lay in store for us than Kevin Phillips. In the long run up to the vortex, Phillips was one of those who repeatedly warned of what was coming. No one did it more cogently, more learnedly and more forcefully than he.