Shepherds] probably religious teachers are here meant: see Intro. Punished the goats] RV 'will punish the he-goats,' i.e. the false guides of the people: cp. Jeremiah 50:8. Hath made] RV 'shall make.' Evidently the word shepherd, closing Zechariah 10:2, suggests an attack on the worthless shepherds, religious teachers, perhaps, of foreign extraction or of foreign sympathies. The he-goats may be ethnarchs or civil rulers in Jerusalem.

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