Catholics Should Care About Monetary Policy, by David Brady

One of the most fascinating aspects of politics in the late-19th century was the deeply ideological nature of discourse. Average citizens had opinions not just on hot-button social issues and perhaps loose convictions on the size of government, but they had opinions on complex topics like monetary policy as well.

Monetary policy is a term that scares normal people. The most they hear about it is a brief one-minute segment on their local news station or in The New York Times letting them know that “The Federal Reserve hiked/lowered the Federal Funds rate today…,” or something along those lines. Not a thought more than a passing glance. But monetary policy is vitally important, and it should be cared about once more, especially by Catholics. …

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