Vatican 'global finance' document praised for analysis on sound money
CWN - 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.
An appeal from our founder, Dr. Jeffrey Mirus:
Dear reader: If you found the information on this page helpful in your pursuit of a better Catholic life, please support our work with a donation. Your donation will help us reach five million Truth-seeking readers worldwide this year. Thank you!
Progress toward our April expenses ($25,781 to go):
All comments are moderated. To lighten our editing burden, only current donors are allowed to Sound Off. If you are a donor, log in to see the comment form; otherwise please support our work, and Sound Off!