"At the time of its release, Two Bit Monsters was perceived by critics who had caught up with John Hiatt on Slug Line as a less impressive follow-up to that record. In retrospect, it may be the better of the two albums, boasting an even more simplified musical approach and such notable songs (and future Rosanne Cash covers) as "Pink Bedroom" and "It Hasn't Happened Yet." Hiatt here was starting to emerge from the "new Elvis Costello" tag that had been affixed to him with Slug Line, but his reviewers, however well-meaning, seemed determined to keep him in that category. (In any case, record buyers were paying little attention -- Slug Line was Hiatt's fourth straight album to miss the charts, and MCA dropped him as Epic had before.)"

(William Ruhlmann, All Music Guide)