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overtheedge
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The Pope joins the chorus in blaming free markets

- George F. Smith - Barbarous Relic

"Pope Francis delivered a short speech on economics and finance, ..."
Let me guess, he has an economics degree from Princeton. He knows all about entrepreneurship due to his vast experience. Maybe the BIG GUY advises him on market dynamics. Oo, oo, oo it is based upon the "Loaves and Fishes."

‘deposits are backed by the full faith and credit of the United States Government.’”
Can't balance a budget, over $16T owed on T-bills, well over $100T in long-term debt in off-budget commitments, the mathematical impossibility for this debt to ever be repaid without complete and total elimination of interest and an extended payment plan over 5-6 decades, blah, blah, blah. Faith? Yah, I'm pretty sure about my "Faith" where this is gonna end up. Credit? How many people would pay taxes if it was voluntary or a user fee based system?

But this isn't the correct forum to give the US the credit it truly deserves.

Commented 4181 days ago

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Beginning of the headline :On Thursday, May 16 Pope Francis delivered a short speech on economics and finance, blaming the “cult of money” for the millions of people suffering in poverty. He addressed the New Non-Resident Ambassadors to the Holy See, calling for “financial reform along ethical lines.”He describes the problem thusly, While the income of a minority is increasing exponentially, that of the majority is crumbling. This imbalance results from ideologies which uphold the absolute autonomy of markets and financ... Read More

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