Q&A on Beating Up on Banks: Goldman Warns of Layoffs - WSJ.com
Frank's question:
"...bashing the banks had no consequences in the 1920's and 30's in Germany when they blamed the banks (and the Jews who supposedly controlled them) for their hyper-inflation and weak economy. It won't have any negative effects here either..."
answer:
Gee Frank, somehow one does think of Hitler and the war-time destruction of Germany as a consequence.
And, the US benefited from all the Jewish scientists, etc. who left Germany in the 30's.
Right now, one does seem to see lots of American capital leaving the US along with lots of jobs.
So, I'd ponder if there aren't some pretty extreme consequences.
But, then again, lots of Americans don't know who to blame and they don't want to have to blame liberal, Democratic, entitlement policies that they enjoy the upfront benefits of.
Somehow the old saw about 'no-free-lunch' seems to always reassert itself.
Wealth creation is far better than redistribution and no wealth creation. But Democrats rarely know how to support wealth creation - etc., etc.
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