A lot is happening very quickly. The initial conditions at the onset of the pandemic — in domestic and international political economy — are quite germane. And the extraordinary scale, scope, and speed of the monetary and fiscal responses carry a slew of long-term consequences — some known, some unknown; some intended, some not so much. It’s all quite […]
Last month, FT Alphaville’s Izabella Kaminska picked up a potent critique of free-market capitalism from Pope Francis’s first Apostolic Exhortation.1 I must confess, I’m not a regular reader of papal exhortations—indeed, papal pronouncements of any variety tend not to make my “to read” list2—but the snippets Kaminska selected gave me pause.