America is on the brink of financial collapse. Decades of political overpromising and underfunding have created a wave of debt that could swamp our already feeble economy. And the politicians' favorite tricks--raising taxes, borrowing from foreign governments, and printing more money--will only...

The elephant in the living room -- How government created the housing bubble -- The great Wall Street bailout -- How government causes the boom-bust business cycle -- Great myths about the great depression -- Money -- What now?

In defense of economics -- Prices, wages, and labor -- Money and banking -- The economics and morality of foreign aid -- The welfare state, the family, and civil society -- Answering the distributist critique -- In omnibus, caritas

Since Pope Leo XIII wrote Rerum Novarum (1891), the Catholic Church, while opposing socialism, has adopted a skeptical and suspicious posture with regard to the free market. The popes have supported labor unions, the idea of a "just wage," and a variety of other interventions. Yet the economic...