Quote of the day

June 30, 2015

. . . Markets are not about increasing individual profits but about allocating scarce resources. They do so best when property rights are clearly defined. And then they effectively deal with those environmental problems that the pontiff can only preach about.

As a Catholic economist, reading this papal drivel masquerading as an encyclical is both embarrassing and infuriating. Thank God Catholics are free to disagree with this personal position of the Pope. –  Oliver Hartwich


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