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Vatican bank chief takes same position as Ron Paul on Keynesian Economics

Sounds like he's no fan of the Keynesian” economic theory.

Rome, Italy, Jan 21, 2011 / 03:05 pm (CNA/EWTN News).- Current fiscal and monetary policies in the United States and Europe risk increasing government control over national economies, resulting in weakened political strength throughout “the whole of the western world,” the Vatican’s top banking expert said.

Ettore Gotti Tedeschi has been head of the Vatican's bank, known as the Institute for Religious Works, since 2009. He has a long career in finance, having served as the head of Banco Santander, the largest private bank in Europe, as well as on the boards of some of the continent’s leading financial institutions.

He is known as a staunch capitalist with a deep concern for the Church’s social teaching. He is also a former professor of financial ethics at the Catholic University of Milan.

Writing in the Jan. 14 edition of the Vatican newspaper, L’Osservatore Romano, Tedeschi warned of the growing influence of “Keynesian” economic theory on both sides of the Atlantic.

http://www.catholicnewsagency.com/news/vatican-bank-chief-is...