Beyond the ironic quality of a Franciscan friar writing about the future of money, it really is a fascinating topic. A recent issue of Time Magazine carried a series of articles under the unifying moniker “The Future of Money.” The coverage included a short history of currency and the means of exchange, an explanation of the world of NFTs, and the movement of El Salvador to establish crypto-currency as nationally legal tender. This articles are free to Time subscribers but available under Time’s limited access program. Both are well worth the read. Continue reading
The Future of Money
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Many Catholics are aware of Pope Francis’ encyclical Laudato Si (Praise Be to You) which carries the subtitle “on care for our common home.” In this encyclical and in other documents the Pope critiques capitalism, not as an economic theory in itself, but in its divorce from the human condition and Creation. In Laudato Si’, Pope Francis wrote: “The economy accepts every advance in technology with a view to profit, without concern for its potentially negative impact on human beings. Finance overwhelms the real economy…Some circles maintain that current economics and technology will solve all environmental problems.” (#109). 
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