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Business Man Chasing Money Free Stock Photo - Public Domain Pictures

By Phil Lawler, Catholic Culture, July 08, 2022

Phil Lawler has been a Catholic journalist for more than 30 years. He has edited several Catholic magazines and written eight books. Founder of Catholic World News, he is the news director and lead analyst at

Can we all agree on this? Any government policy that deliberately harms the poor and the elderly is immoral.

How about this? A policy that predictably harms the poor and the elderly is immoral.

Inflation harms the poor and the elderly. Therefore, if inflation is the predictable result of government policies, those policies are immoral.

“Inflation is seldom an error—it’s usually a policy, if an unavowed one,” writes Christopher Caldwell in an insightful article published in the new Compact magazine. Later in the same piece he makes the same point more forcefully: …