Jun 27, 2012
Fr. Robert A. Sirico has written a book, Defending the Free Market-The Moral Case for a Free Economy. Through the book he has shown that while capitalism may not be inherently moral, socialism is inherently immoral. The market is a non-stop information provider that loses its effectiveness when government intervenes with taxes, subsidies, regulations and takeovers of private economic functions. Therefore, his goal is to educate people that the effects of governmental intervention are usually far worse than the purported ill they seek to cure. The danger is that the educational process takes time and that there might not be enough time to avoid the potential castrophe that is lurking. This is why ignorace of economics, the way things really work, can be so deadly.
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