There seems to be an opinion from some corners that Pope Benedict XVI is quite the commie and as dangerous to the free market as leftist icon Warren “Raise my taxes, please” Buffet. Richard Epstein of the Hoover Institution and Andrew Stuttaford of National Review Online seem to think so anyway.
Epstein writes that socialism has gotten Europe and the United States into trouble and says the solution is “limited government, low rates of taxation, and strong property rights.” On that we agree. But Epstein then posits that based on his comments at World Youth Day, capitalism clearly has an enemy in Pope Benedict XVI. On that we disagree. There is no greater friend in the world of individual...READ MORE