Earlier today, the Vatican released Oeconomicae et pecuniariae quaestiones, a statement on “ethical discernment regarding some aspects of the present economic-financial system.” The document outlines sound general principles, says Acton research director Samuel Gregg, but also reflects the Church’s present struggle to comprehend modern finance: Over the past decade, various Vatican offices have produced several documents addressing the vexed topic of … Continue reading How the Vatican misunderstands finance

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