I will review some of my work with Prof. Murayama over the past few years, applying Anomaly Mediated SUSY Breaking (AMSB) as a theoretical tool for understanding the dynamics of strongly coupled gauge theories. After reviewing the general properties of AMSB, I will show what we have been able to do when applying it to SUSY QCD, henceforth referred to as ASQCD. While the possibility of a phase transition between ASQCD and QCD cannot be ruled out, many non-trivial consistency conditions are satisfied. Moreover, we can establish the presence of stable / metastable chiral symmetry breaking vacua, explicitly calculate scalar, fermion, and gauge bilinear condensates, and even obtain the low-lying spectrum of hadrons in qualitative agreement with QCD.