IPFS News Link • Federal Reserve
Vatican calls for global authority on economy, raps “idolatry of the market”
• ReutersThe Vatican called on Monday for the
establishment of a “global public authority” and a “central world bank”
to rule over financial institutions that have become outdated and often
ineffective in dealing fairly with crises. The document from the
Vatican’s Justice and Peace department should please the “Occupy Wall
Street” demonstrators and similar movements around the world who have
protested against the economic downturn.
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