Yet another example of how the Vatican misunderstands America . . . and economics

“The cardinal unfortunately reverts to a simplistic caricature of Adam Smith’s ‘invisible hand,’ contrasting it with the ‘visible hand of an economy which is able to serve all members of the community well.’ … Smith’s point was that demanding people to ignore their self-interest, as moralists are wont to do, is unrealistic and socially destructive, encouraging hypocrisy rather than virtue.” - Acton