In the journal Foreign Affairs, Acton Research Director Samuel Gregg offers an analysis of the Vatican’s recent pronouncements on economic policy, most notably the document issued in October titled “Towards Reforming the International Financial and Monetary Systems in the Context of Global Public Authority” (also called “The Note”). The Church, Gregg said, “wanted to attract the attention of world leaders as they assembled to discuss ongoing turmoil in financial markets at the G-20 Summit in Cannes and to add its voice to those arguing for capital controls (such as the “Tobin tax”) to discourage international financial speculation.” But, he argues, advocating a world economic authority could work against the interests of developing nations, including those heavily Catholic:

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[Thanks to RealClearWorld, ThePulp.it, NewsBusters and PewSitter.com for linking to this commentary.] Over at the American Spectator, Acton Research Director Samuel Gregg points to Europe’s “perceptible inability” to acknowledge some of the deeper dynamics driving its financial crisis. And these are primarily a “slow-motion population implosion” complicated by the exodus of young European Union citizens and the return of hundreds of thousands of immigrants to their homes in developing nations. That is an ominous development for a region where the dependency rate — the ratio of retirees per member of the labor force — has ratcheted up as the welfare state has ballooned over several decades.

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Acton President Rev. Robert A. Sirico and Research Director Samuel Gregg were interviewed for a LifeSiteNews.com article about a decision by Catholic Charities of the Diocese of Tulsa to rely strictly on private donations for its work. Reporter Ben Johnson observed that the policy shift “stands in stark contrast to most of the benevolent institution’s other affiliates. Catholic Charities around the country received $1 billion from the government, approximately two-thirds of their funding.” Johnson:

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Pope Benedict XVI delivered inspiring remarks at the European Year of Volunteering (EYV) summit held in Rome this past Nov. 10-11. He explained why gratuitous giving of personal talent and resources is so important in restoring a healthy vocational perspective to everyday business.

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The Center for American Progress (CAP) has boldly rebutted the arguments of our own Kishore Jayabalan, director of Istituto Acton, concerning the Vatican’s note on a “central world bank.” It has done so by showing him to be lacking in “respect for the inherent dignity of human life.” … Yes, we are talking about that Center for American Progress.

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Acton’s prolific director of research Samuel Gregg writes at Crisis Magazine about those who would modernize the Catholic Church (theologically): “Dissenting Catholics’ Modernity Problem.” His reflection centers on the thought of Pope Benedict XVI, whose recent visit toGermany brought the modernizers out of the woodwork, and whose speeches and writings have placed the faithful in their proper context.

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With Europe’s traditional moral framework – Christianity – under increasing attack, the Roman Catholic and Russian Orthodox churches are drawing closer in order to combat the forces of secularism and “Christophobia.” Rev. Johannes L. Jacobse looks at efforts to set aside long held theological disputes and forge a unity of action on social questions. Subscribe to the free weekly ANC and other Acton publications here.

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Writing in today’s Pittsburgh Tribune-Review, Rev. Robert A. Sirico, president and co-founder of the Acton Institute:

Jobs & deficits — the moral equation

By Rev. Robert A. Sirico

Thursday, September 15, 2011

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Director of Research Samuel Gregg has written a special report for the American Spectator about Benedict XVI’s upcoming trip to Germany. The recent World Youth Day in Spain may have looked like a bigger challenge for Benedict, but Gregg says that Germany, while its economy looks good, is facing rough seas ahead.

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Five years ago today, Pope Benedict XVI delivered a talk titled “Faith, Reason and the University” at the University of Regensburg in Germany. The lecture set off a firestorm of controversy concerning Christian-Muslim relations. On National Review Online, Acton Research Director Samuel Gregg reflects, noting that calling it “one of this century’s pivotal speeches is probably an understatement.”

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