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Episode 166: The Economics of Optimism

Words & Numbers

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Francis' Uncomfortable View of Economics

Pope Francis has not given any indication that he understands economics to the level at which one could make a statement like UBI is or is not a good idea with any sort of authority. He leans on governments all around the globe and says, you should do this, which is actually a prescription for authoritarianism. And there, to top off his demonstrated unfamiliarity with economics, he now steps firmly into an unfamiliarity with political science. You don't become pope unless you have some understanding of politics.

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