Pope Leo XIII’s Rerum Novarum (1891) is the most authoritative papal encyclical written in the modern era on social justice, and it is favorable to the free market.
Here’s the uncomfortable question no one in Washington seems willing to ask: What if this isn’t incompetence? What if dismantling the old order is the plan?
Trade with China is effectively frozen. Businesses can adapt, though. Never underestimate the creativity of entrepreneurs. They will find clever solutions in even the darkest times.
At its core, inflation results from the debasement of currency—in other words, the dilution of a currency’s value through excessive creation of new money.
