It’s great to be back in Ohio! Wow, do I have a lot to do! And I get to celebrate our return with a dentist visit in a few short hours–hooray!
This is just a quick post to note that the commentary I submitted to Charlotte about the recent paper published by the Roman Catholic Church (specifically, the Pontifical Council for Justice and Peace) concerning analysis of the current financial crisis and recommendations for the prevention of future crises has been published at the Tomorrow’s World website: “Vatican: ‘Supranational authority’ needed to guide world finance.”
Here’s the lead paragraph:
On Monday, October 24, 2011, the Pontifical Council for Justice and Peace published its recommendation for a globally empowered international authority over the world’s finances. This move by the Vatican may seem like simply “another academic paper” for policy wonks. But for students of Bible prophecy, the move represents possibilities of tremendous prophetic significance.
Click here here for the whole (brief) article.
In a related article, I thought today’s Wall Street Journal piece “The Vatican’s Monetary Wisdom” was pretty good, noting that the analysis of one of the major “root” cause (a standardless fiat monetary system afte the collapse of Bretton Woods) in the paper is insightful but that the recommendations come across as a naïve “more of the same” approach, relying on a central global authority to be–miraculously, perhaps–better and more virtuous at a managing a standardless fiat monetary system than individual governments have been.
The WSJ article is good, but I would argue that the Vatican paper is in not the product of naïvety. (Read the short commentary to see why I would think so.)
I hope to do a video for a Heads Up video podcast on the subject later.
- Vatican Calls for Global Oversight of the Economy (nytimes.com)
- Financial expert backs Vatican proposal for global authority (onecatholicnews.wordpress.com)
- Vaticans urges major economic reform (seattletimes.nwsource.com)
- Vatican joins calls for crackdown on financial markets (guardian.co.uk)
- Robert A. Sirico: The Vatican’s Monetary Wisdom (online.wsj.com)