We do not believe that blaming the bankers gets it "just right." In fact, it is the most common of all dominant social themes – that economic downturns are the fault of big, powerful private interests. This sort of populism has been cultivated by the power-elite throughout the past several centuries as a way of promoting an "us versus them" mentality. Let the "people" blame capitalism and turn to government for solutions and the power elite that stands behind government benefits inordinately.
Blame Central Banking Not Banks
- Post author:The Daily Bell
- Post published:July 15, 2010
- Post category:Education / Network Archives
Tags: Austrian economics, CLibertyC CLCs, constitutional liberty coalition, Daily Bell, free enterprise, limited government, The Daily Bell
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