Thursday, 19 June 2014

Ex Cathedra, Not Ex Chequer

Poor old Pope Francis. He's only infallible when he's teaching ex cathedra on matters of faith and morals.

And "matters of faith and morals" DON'T include economic theory.

But don't be too hard on him - there are very few Spanish translations available of good economic books like The Spirit of Democratic Capitalism, The Road to Serfdom and Victory of Reason.

And even if you sent him a copy, he wouldn't have time to read it.

Anyway, don't worry - the next Pope will be an economic rationalist and hardline capitalist. Promise.

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