Day: November 15, 2008

Vanity.

Vanity, O vanity, The mother of despair. Shuts off our mind from every good From every loving care. If focuses us on that within The minds of the most mortal men. It blinds us to the God above And leads us into sin. Rejoicing as we go astray Making us forget to pray It rots […]

Is it always bad to have printing presses cranking out money?

Classic economists think “fiat money”, which is produced by government decree, is a danger. Catholic Fundamentalists aren’t so sure. We wonder if the centralizing of production and the subsequent loss of jobs mandates printing presses. We can see one extreme: the government of Zimbabwe printing billion dollar bills that are worth, maybe, a nickel. Obviously, […]

Money.

Not too long ago, money was pegged to the price of gold. While this is now thought to have worked so well that many wish to return to a “gold standard”, that golden age had as many recessions and depressions as any. If it worked, it was because gold tended to stay in a community. […]