Saturday, January 9, 2016

Why Little Economic Knowledge

                               
Most folks from all walks of life know little about finance and banking. Politicians are at the top of my list, among this group of financially ignorant. If they knew more about finance, they would not be intellectually where they are.
                   
Therefore, it is entirely understandable that bashing bankers is always fashionable, especially during economic recessions. Finding scapegoats is handy. It makes up for any guilt politicians have in helping foment economic distress. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)

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