Vatican's economic analysis seen half-right, half-wrong

October 25, 2011

Writing for Crisis magazine, Jeffrey Tucker argues that the new Vatican document on the world's financial system was accurate in its diagnosis of a fundamental problem: the unfettered growth of credit after the breakdown of a world monetary system based on the gold standard. Unfortunately, Tucker continues, the medicine that the Vatican document suggests--an international financial authority--would be sure to aggravate the problem.

 

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Further information:

• The New Vatican Document on Finance: Right Diagnosis, Deadly Cure (Crisis)