Catholics, Finance, and the Perils of Conventional Wisdom

By Samuel Gregg:

Despite the Catholic Left’s excited hyperventilating that the document released today by the Pontifical Council for Justice and Peace (PCJP) would put the Church “to the left of Nancy Pelosi” on economic issues, more careful reading of “Towards Reforming the International Financial and Monetary Systems in the Context of Global Public Authority” soon indicates that it reflects rather conventional contemporary economic thinking.

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ht LINDA

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Regular TBK reader Linda notes: ‘This particular document was publicly released, as well as apparently being addressed TO the Pope, who had not yet seen it. It’s not a church document per se, nor is it in any way binding on Catholics, though it’s being spun that way. It’s a classic example of being blindsided, and on a topic that popes or any given bishop or priest has no more expertise than any given layperson…’