There sure has been a lot of ink spent on the Pope's "Apostolic Exhortation (AE)" recently.
Rev. Robert A. Sirico, co-foudner and president of the Acton Institute, discusses the AE from an economic perspective in the video below.
Hope you enjoy it and find it instructive.
Find out more about the Acton Institute for the study of religion and liberty here…
Please also visit Defending The Free Market… and Poverty Cure…
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Rev. Robert A. Sirico received his Master of Divinity degree from the Catholic University of America, following undergraduate study at the University of Southern California and the University of London. During his studies and early ministry, he experienced a growing concern over the lack of training religious studies students receive in fundamental economic principles, leaving them poorly equipped to understand and address today's social problems. More…
Hummmm.. Question?? What does Pope Francis, Prime Minister Perry Christie, NYC Mayor Bill De Blasio and President Obama share in common with one another??
Answer: Not one of them has an understanding of basic economics or how economic systems function.. Frightening..
“Don’t cry for me Argentina”, the unrepentant Marxist is now in the Vatican.. Never thought the head of the richest religious institution on Earth would be lead by a Redistributionist.. But then who would have guessed that the United States would stumble down the same directionless path.. Obama’s socialist leadership is destroying the economic wealth and power of the United States.. Will we soon see the Vatican follow the same redistribution of wealth decrees??
The Pope’s latest criticism of free market capitalism should not be treated in a passive manner as it sounds like he means business.. To say that ‘adverse economic conditions and unemployment leads to Sin and suicide’ shows a misconception in basic economic understanding.. Nevertheless, what cannot be denied is that increasing poverty leads to an increase in crime and murder.. Could this possibly mean that VAT creates Sin as it is a driver of increased poverty..