Vatican 'global finance' document praised for analysis on sound money

October 27, 2011

Writing in the Wall Street Journal, Father Robert Sirico, the head of the Acton Institute, salutes the new document from the Pontifical Council for Justice and Peace for its analysis of the financial crisis. He notes that the Vatican statement traces the problem back to the "the breakdown of the postwar Bretton Woods monetary system and the unleashing of fiat currencies and central-bank printing presses."

"This is sophisticated economic analysis," Father Sirico says. He congratulates the Vatican for its diagnosis--while expressing concern about the favored remedy.

 

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Further information:

• The Vatican's Monetary Wisdom (Wall Street Journal)