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The most important social statement of the Roman Catholic Church in recent centuries has been a document known as Rerum Novarum * issued on May 15, 1891 by 81-year-old Leo XIII as a papal encyclical—an open letter to the bishops of the church.
Ever wondered what God makes of the current global economic crisis? We’ll never know, of course, but the man the Roman Catholic Church deems the Almighty’s “pastor in chief” has finally weighed in with his own take: Pope Benedict XVI offers neither stock tips nor bailout plans in Caritas in Veritate , but the long-awaited third encyclical of his papacy is a wide-ranging commentary on the sources of our economic woes and a holy blueprint for recovery based on something greater than the once mighty dollar.