'Philip II' is an historical work written by William Thomas Walsh, published by TAN Books and Publishers, Inc., 1987. All rights acknowledged.

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In the first of a projected irregular series on Traditionalist Economics, I draw from the writings of John Lane, Pius XI and other Catholic economic thinkers to consider the first question of political economy: who is responsible for the money supply?

I consider: the fundamental causes of inflation; the sovereignty of money creation; fractional reserve banking; the gold standard; the nature of our current usury money versus Medieval economic stability and leisure, before proposing some initial Catholic solutions to these essential problems.

With particular thanks to John Lane for his insights.

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Originally published at OnePeterFive, this two-part essay is my attempt at offering a positive vision and strategy for the laity in their mission of reconstituting a Catholic political and social order (building Christendom). I am interested in having conversations and sharing ideas with anybody who is planning, or involved in, relevant constructive projects.

https://onepeterfive.com/the-little-way-of-christendom-part-1/
https://onepeterfive.com/the-little-way-of-christendom-part-2/

To support my research and channel, and to access premium content please consider joining my Locals (the Beletage):
https://thetwocitiespodcast.locals.com