ST. CHARLES, Ill. — What is the Catholic solution to the economic crisis in America, Europe and the rest of the developed world?
Have more children.
So said Ettore Gotti Tedeschi, head of the Institute for Works of Religion (Vatican Bank), in a recent op-ed piece for the Vatican newspaper L’Osservatore Romano. Developed nations, specifically European countries, the United States and Japan, have aging populations and fewer and fewer children to support them: “The ever-increasing percentage of people who retire from their productive phase becomes a fixed cost which is impossible to absorb and sustain by those who produce.”
Besides the need for greater austerity, the only real hope for...READ MORE