Daniel J. Mitchell: Let's Send Obama to the Vatican for an Economics Lesson

Let’s Send Obama to the Vatican for an Economics Lesson « International Liberty

I’m normally disappointed when religious figures comment on economics, particularly since they often turn the individual call to charity into a blank check for government-coerced redistribution. This runs contrary to individual choice, free will, and morality.

So I’m delighted that Ettore Gotti Tedeschi, writing for L’Osservatore Romano, the quasi-official newspaper of the Vatican, persuasively explains how higher taxes simply encourage a downward spiral of more spending, more debt, and economic despair.