Pope Predicted Current Market Collapse In 1985

Published  2008-11-21 05:12:42
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Italy's Finance Minister says Pope Benedict predicted the current financial crisis more than 20 years ago when he was Cardinal Ratzinger. It was in a paper presented at a conference in 1985 called "Market Economy and Ethics." The future pope said a decline in ethics "can actually cause the laws of the market to collapse."
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