Hating bankers or hating Washington?

posted by
January 9, 2012
Independent Institute
by William Shughart  
Posted in Commentary

"'Schumpeter' cites evidence from a survey published in the Boston Review suggesting that 25 percent of non-Jewish Americans blame Jews for the recent financial crisis and the ensuing 'Great Recession.' Although it is true that Washington’s policy actions can be understood primarily as benefiting Goldman-Sachs, the home base of the last two U.S. Treasury secretaries and, very likely, the private-sector destination of the current chairman of the Federal Reserve System, one does not need to see the constellation of political forces at work as being shaped by racism." (01/07/12)

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