An “Economic Analyst” Blog

Today, the italian finance minister claimed that the first person that predicted the current crysis was the current pope, Benedict XVI. In an article published by Joseph Cardinal Ratzinger in 1985, he stated that a decline in ethics can actually cause the laws of the market to collapse.

Apart from the fact that it is funny to try to make the Pope a “economic analyst”, in my opinion, this kind of prediction fits in the cathegory I mentioned here.

In addition to this, should we accept as granted the fact that the current crysis is caused by the decline in ethics? Was this proven? Or, at list, is this generally accepted?