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A friend wrote me about a school principal, a religious sister, speaking to a parent and requesting school funds. The gentleman was described as an "ultra-Catholic." My friend asked me: "What is that, do you know?" Evidently, the "non-ultra" principal thought it all right to siphon needed cash from the "ultra" parent. No strings were attached. Once the funds were donated, the non-ultra establishment would go its non-ultra way. The ultra was good for his cash, if he still had any. His ideas were, well, ultra. Clearly, I cannot resist taking a stab at defining what a modern ultra-Catholic...

The Notre Dame commencement scandal was of such crucial significance to the Church and the renewal of Catholic higher education that it dominated much of the summer. But as students complete their first full month of studies and my colleagues at the Cardinal Newman Society wrap up the second edition of our Catholic college guide, it's a relief to focus attention on the very best of Catholic higher education. But the reality is that the crisis in Catholic higher education is far from over. Generally, but certainly not always, families seeking a Catholic education outside the colleges identified in The...

December 7, 2009                                 Monday of the Second Week of Advent   Reading 1Responsorial PsalmGospel Reading 1Is 35:1-10 The desert and the parched land will exult;the steppe will rejoice and bloom.They will bloom with abundant flowers,and rejoice with joyful song.The glory of Lebanon will be given to them,the splendor of Carmel and Sharon;They will see the glory of the LORD,the splendor of our God.Strengthen the hands that are feeble,make firm the knees that are weak,Say to those whose hearts are frightened:Be strong, fear not!Here is your God,he comes with vindication;With divine recompensehe comes...

Saint Ambrose Pardoning TheodosiusPIERRE SUBLEYRAS1699-1749 St. Ambrose, Doctor of the Church December 7 c. 340-97 Born in Trier, Germany, son of Ambrose, the praetorian prefect of Gaul, he was taken back to Rome when a child on the death of his father, he became a lawyer there noted for his oratory and learning. His success led Ancius Probus, praetorian prefect of Italy, to name him his assessor, and Emperor Valentinian appointed him governor of Liguria and Aemilia with his capital at Milan about 372, a position he filled with great ability and justice. In 374 the death of Auxentius, bishop...

Washington D.C., Dec 4, 2009 / 10:43 pm (CNA).- Conservative blogs were buzzing on Friday with the discovery that a member of the USCCB's Subcommittee on Catholic Health Care is an active homosexual and gay rights activist. However, though Mary Kay Henry's bio states that she is a labor adviser to the U.S. bishops, the USCCB communications director told CNA "she is not a consultant." Henry, the international executive vice president for the Service Employees International Union (SEIU) was recently named one of the nation's "Top 25 Women in Healthcare" for 2009 by Modern Healthcare. Her biography at the SEIU...

After he hit his head on the ground in a pole vaulting accident last year, they sawed off a third of his skull to relieve the pressure on his swelling brain. They told his family that all hope was lost. But Chase's family lives near Wichita, where a farm kid named Emil Kapaun was ordained a priest 69 years ago. The Kears prayed thousands of prayers to the soul of Father Kapaun, asking him to bend the ear of God. They chanted his name like a mantra. And Chase woke up. And he arose and walked. His baffled doctors said...

A just war can only be waged as a last resort. All non-violent options must be exhausted before the use of force can be justified.A war is just only if it is waged by a legitimate authority. Even just causes cannot be served by actions taken by individuals or groups who do not constitute an authority sanctioned by whatever the society and outsiders to the society deem legitimate.A just war can only be fought to redress a wrong suffered. For example, self-defense against an armed attack is always considered to be a just cause (although the justice of the...

The LowdownCelebrating Nikolaus in Germany Published: 4 Dec 09 10:13 CETOnline: http://www.thelocal.de/lifestyle/20091204-15915.html Each December 6, German children celebrate Nikolaus. Why does the Santa look-alike come so early and why do all the children place their shoes outside their front doors on the evening before? The Local has the lowdown. Is Nikolaus the same as Santa Claus? Though they have similar outfits, Nikolaus is not to be confused with Santa Claus, who Germans call the Weihnachtsmann, or Father Christmas. They are two different people. In fact, many religious families try to focus more on Nikolaus earlier in December to insure that...

CNA STAFF, Dec 6, 2009 / 04:47 am (CNA).- Today, December 6, the faithful commemorate a Turkish bishop in the early church who was known for generosity and love of children. Born in Lycia in Asia Minor around the late third or fourth century,  St. Nicholas of Myra is more than just the inspiration for the modern day Santa. As a young man he is said to have made a pilgrimage to Palestine and Egypt in order to study in the school of the Desert Fathers. On returning some years later he was almost immediately ordained Bishop of Myra, which...

A Campaign of IntimidationCOLLEEN CARROLL CAMPBELLSt. Louis Catholics heading into the Cathedral Basilica for Mass last Sunday got a taste of what their counterparts in California experienced last fall: protests intended to shame churchgoers for their church's opposition to gay marriage. Archbishop Robert Carlson Like the gay-rights activists who heckled and chanted outside Catholic, evangelical and Mormon houses of worship after California voters approved Proposition 8, those who demonstrated outside the Cathedral last weekend were incensed about the role that religious leaders played in defeating another state's push for same-sex marriage. The target of activist ire in this case...

Abstract Many theories, most famously Max Weber’s essay on the “Protestant ethic,” have hypothesized that Protestantism should have favored economic development. With their considerable religious heterogeneity and stability of denominational affiliations until the 19th century, the German Lands of the Holy Roman Empire present an ideal testing ground for this hypothesis. Using population figures in a dataset comprising 272 cities in the years 1300–1900, I find no effects of Protestantism on economic growth. The finding is robust to the inclusion of a variety of controls, and does not appear to depend on data selection or small sample size. In addition,...

December 6, 2009                                      Second Sunday of Advent   Reading 1Responsorial PsalmReading 2Gospel Reading 1Bar 5:1-9 Jerusalem, take off your robe of mourning and misery;put on the splendor of glory from God forever:wrapped in the cloak of justice from God,bear on your head the mitrethat displays the glory of the eternal name.For God will show all the earth your splendor:you will be named by God foreverthe peace of justice, the glory of God’s worship. Up, Jerusalem! stand upon the heights;look to the east and see your childrengathered from the east and the...

Traditional Holy Mass Propers † Traditional Sunday Propers ~ Dominica Secunda Adventus ~ Second Sunday of Advent † Statio ad S. Crucem in Jerusalem ~ Station at the Church of the Holy Cross in Jerusalem 6 December 2009 Anno Dómini † Feast of Bishop Saint Nicholas † Missa Populus Sion, ecce Dóminus véniet ad salvándas gentes ( "People of Sion, behold the Lord shall come to save the nations" ) "....Ecce ego mitto angelum meum ante fáciem tuam, qui præparábit viam ante te ~ Behold I send my Angel before Thy face, who shall prepare Thy way before Thee...."...

A Silence That Contemplates and Adores The Apologetic Prayers of the "Ordo Missae" ROME, DEC. 4, 2009 (Zenit.org).- In this article, Father Mauro Gagliardi, a consultor of the Office for the Liturgical Celebrations of the Supreme Pontiff, explains the importance and meaning of the "apologetic prayers" said during the celebration of the holy Mass. These "apologetic prayers" are the ones that the priest recites quietly -- in "secret" -- before God, to participate more consciously and worthily in the divine mysteries that he celebrates on behalf of the whole Church. The faithful accompany these prayers with reverent, external silence and...

While in the midst of researching another piece, I ran into some photos of a rather beautiful church near Nepi, Italy; the Basilica of Sant'Elia in Castel Sant'Elia. It is beautiful for reasons of its architecture, its cosmatesque floors, its vibrant wall paintings, its ambone, and its altar with ciborium. The basilica was constructed in either the 10th or 11th century, and the ciborium likewise dates from this period. By tradition, it is suggested that this basilica was erected over the spot of a former pagan Roman temple constructed by Nero for Diana, the Roman goddess of the hunt. In...

Major "Chuck" Sweeney had an extremely risky takeoff before dawn, loaded as he was with the 4.5-ton A-bomb, "Fat Man". Now they were over their primary target, Kokura. He had made three runs over the hopelessly clouded city when he made a shocking discovery: the auxiliary gasoline pipe was blocked. Unless they dropped the bomb soon, they would never get home. He turned his plane southwest for the secondary target, "Nagasaki, urban area". His B-29 was over Shimabara just before 11 A.M. A radio announcer saw this and excitedly broadcast a warning, and Nagasaki people who heard him ran for...

Gay, Catholic and fed up with his church's efforts to quash the same-sex marriage movement, Phil Attey has come up with a controversial strategy: outing gay priests who speak out against homosexuality. (snip) He said he will out only gay priests and bishops who speak out against homosexuality. In the case of priests not publicly opposed to gay marriage but still in the closet, he said his goal is not to threaten them but to encourage them to "come out for the next generation and stand up against the anti-gay stance of the church." Francis DeBernardo of New Ways Ministry,...

Joanna Krupa came under fire this week after unveiling a provocative new PETA ad — in which she wears only a cross — deemed "totally inappropriate" and exploitative by the Catholic League. The outrage is exactly what the Dancing with the Stars alum expected and wanted, she tells TVGuide.com, because controversy is "the only way" to alert others to a cause. "Sometimes I am ashamed of being a human being because of what we created and how we hurt the defenseless and less fortunate," Krupa says. "That is shocking and despicable to me. All I've done is to raise awareness...

Featured Term (selected at random):PAENITEMINI Apostolic constitution of Pope Paul VI, issued in 1966, by which the canonical norms of fast and abstinence were changed. While changing the norms, the Pope made it clear that divine law requires all the faithful to do penance. Accordingly the purpose of the new regulations was not to weaken the practice of penance but to make it more effective. The Church, therefore, "while preserving--where it can be more readily observed--the custom (observed for many centuries with canonical norms) of practicing penance also through abstinence from meat and fasting, intends to ratify with her prescriptions...

When secularists parade with the European Union flag they are unwittingly honouring the Immaculate Conception Belgium is a wonderful country but one can’t always tell that when in Brussels. This city is the least example of how wonderful the country as a whole is. I don’t think even the residents of Brussels want to be there. I walked across one of the many plazas scattered throughout this, one of the three capitals of the European Union, when I spied a shop festooned completely, in and out, with the European Union flag. The EU symbol is so ubiquitous throughout Europe that...

Two years ago, the USCCB released a document of revised guidelines for liturgical music titled "Sing to the Mountains" -- er, "Lord." In its 88 mostly tepid pages are found a meditation on the scriptural and theological foundations for the use of music in worship, notes particular to the celebration of special rites within the Mass, and handy tips for ordained and lay liturgical ministers, such as the suggestion that cantors "possess the ability for singing and a facility in correct pronunciation and diction."   And, as with so many products of committee, its prescriptions perform a two-step waltz:...

  As Catholics, it comes as no surprise to us that the human brain is hard-wired for religion. We believe in a God who created us in His image so that we would come to know and love Him. But for Enlightenment thinkers, who had committed themselves to the "liberation" of human thought from the shackles of religious dogma, the news would not have been welcome at all.   If political society, as Hobbes wrote, abhors a vacuum, the same is true of religious belief. One cannot destroy without creating something else in its place. The new society or...

Abortion opponents are urging local Catholic bishops to use the power of Communion to influence the national health care debate by withholding the sacrament from politicians who favor federal dollars for abortion. Randall Terry led five protesters Friday in front of Sen. Robert Casey's office, Downtown, and St. Paul's Cathedral in Oakland. He is founder of Insurrecta Nex, Latin for "revolt against killing," a Washington group opposed to abortion. Casey is a Catholic. "Part of what we're doing on this tour is calling on the bishops to obey the teachings of the church and to enforce them," Terry said. "This...

December 5, 2009                                 Saturday of the First Week of Advent     Reading 1Responsorial PsalmGospel Reading 1Is 30:19-21, 23-26 Thus says the Lord GOD,the Holy One of Israel:O people of Zion, who dwell in Jerusalem,no more will you weep;He will be gracious to you when you cry out,as soon as he hears he will answer you.The Lord will give you the bread you needand the water for which you thirst.No longer will your Teacher hide himself,but with your own eyes you shall see your Teacher,While from behind, a voice shall sound in...

The Catholic attitude to war 1557. You speak of a Christian solution of social troubles, but did not the Great War show the utter failure of Christianity altogether? No. Christianity did not fail. The nations failed to observe Christian principles, a totally different thing. When I say the nations, I mean those in political control of their destinies, and the general outlook of the peoples concerned. Many individuals who fought were excellent Christians, believing the cause of their own country to be just and defending the right as they conceived it with the highest motives. And this on both sides....

VATICAN CITY (CNS) -- With millions of documents filling almost 53 miles of shelf space, the Vatican Secret Archives obviously still hold some secrets. Despite the aura of mystery surrounding the archives, the Vatican actually encourages academics to research its holdings and has worked with a Belgian publishing house to bring 105 of the most important, or curious, documents to the public. The coffee-table book, "The Vatican Secret Archives," was published by VdH Books in Dutch, English, French and Italian. Cardinal Raffaele Farina, the Vatican archivist, wrote in the introduction that he knows popular books and movies love to imply...

(St. Francisco Borgia performing a deathbed exorcism, by Francisco Goya) There is a particular reason why we Catholics invoke the powerful intercession of the Blessed Virgin Mary when we say, "Pray for us sinners, now and at the hour of our death, amen." In addition to Scripture's repeated reminders that the devil is actively seeking the spiritual destruction of as many men and women as he can possibly destroy, many of the great saints (too many to be numbered here) have attested to the fact that the evil one is allowed by God to harass people with all kinds...

President of Russia Dmitrij Medvedev and Pope Benedict XVI / Photo Credit: L'Osservatore Romano Vatican City, Dec 4, 2009 / 02:10 pm (CNA).- At the conclusion of the meeting this week at the Apostolic Palace between Pope Benedict XVI and Russian President Dmitrij Medvedev, the Vatican announced that full diplomatic relations between the Holy See and the Russian Federation will be established. According to a statement from the Holy See’s Press Office, the meeting included "an exchange of views on the international economic and political situation in light of the encyclical, 'Caritas in Veritate'” and a discussion on "the...

Mother Mary Clare Millea (center) with some of her fellow sisters Washington D.C., Dec 4, 2009 / 03:54 pm (CNA).- Responding to a report which claimed that the majority of women religious are not complying with the apostolic visitation, the Apostolic Visitation Office has said that “some congregations” have sent incomplete responses but the effort is moving ahead as planned. The National Catholic Reporter in a Nov. 24 article cited unnamed sources who claimed a significant number of religious congregations were not cooperating with the Apostolic Visitation.“There's been almost universal resistance” said one unnamed women religious who reportedly was...

Former Milwaukee Archbishop Rembert Weakland routinely shredded copies of weekly reports about sexual abuse by priests, according to formerly sealed testimony turned over to Milwaukee County's district attorney on Thursday. In a 1993 deposition, Weakland admitted destroying copies of the reports in his office, according to a partial transcript of the deposition released by Survivors Network of those Abused by Priests. Peter Isley, SNAP's Midwest director, turned over the partial transcript, as well as portions of the logs to which Weakland was referring, to Milwaukee County District Attorney John Chisholm and asked him to review them for any possible criminal...

Joanna Krupa, the Polish model on the cover of this month's Playboy magazine has released a statement countering critics of her recent advertisement for People for the Ethical Treatment of Animals (PETA) in which she professes herself to be a practicing Catholic who is “working to stop senseless suffering of animals, the most defenseless of God's creation.” Krupa's comments came in response to statements made by Bill Donohue, president of the Catholic League, in reaction to Krupa's most recent ad campaign with PETA: “Be an angel for animals. Always Adopt. Never Buy.” One of the ads features Krupa wearing angel...

Patrick Kennedy has a remarkable opportunity. The Democrat, a congressman from Rhode Island and the son of the late Sen. Edward M. Kennedy, is currently embroiled in a scandal of his own making. I'd be delighted to be able to write a profile on his "courage" as it plays out. First of all, contrary to the game of telephone sometimes referred to as journalism, Patrick Kennedy's bishop did not seek to publicly reprimand Kennedy for his vociferous opinions on the Church, abortion and health care. Bishop Tobin of Providence was summoned by Kennedy's public scandal. Tobin has long sought to...

Friday, December 4 Dr. William Donohue, Catholic League President on his latest book, Secular Sabotage. William P. Clark, former aide to President Reagan and the subject of The Judge: William P. Clark, Ronald Reagan's Top Hand from Ignatius Press. Archbishop Claudio Celli, president of the Pontifical Council for Social Communications at the Vatican on the Church's efforts to engage the culture through media.   Watch The World Over  100k   300k  Windows MediaRaymond's Blog: Seen and Unseen  From Ignatius Press ... Product Review The most important biographical record of the Reagan years—from the Reagan governorship to the 40th president’s...

ST. JOHN -- Andrew Birlson celebrates Mass often, donning his priestly vestments, carrying his Bible, and singing songs, occasionally swinging an incense burner to offer a blessing. Andrew is 9. His vestments were handmade by his grandma and his mom, Theresa, and his incense burner is a tealight holder on a chain. He knows all the colors of a priest's vestments and when during the Catholic religious calendar they are worn. "I have them all, white, purple, red, green, pink," he says, his bright eyes wide with enthusiasm. Andrew lives in the same house his family has owned for 150...

The debate over affordable health care for America has now moved to the Senate and it is as yet quite unclear what will finally result. The Catholic support for the Stupak Amendment, which brought the Hyde Amendment’s prohibition of the use of federal funds for abortion into the legislation, should not be interpreted as a complete support by the Church of everything else in the health care reform legislation. For instance, the proposed health bill continues to provide abortion payments in cases of rape and incest and when the life of the mother is threatened. This is contrary to Church...

A Wisconsin group claiming to be Catholic has launched a series of television ads which state that using contraception doesn't make you less of a Catholic. The group, Young Catholics for Choice, has partnered with the Wisconsin Family Planning Health Services and is advocating the use of the controversial morning after pill. Member of Young Catholics for Choice, Marissa Valeri, told Milwaukee's Fox 6 news, “They may have heard differently from the hierarchy and they may have heard differently from their parish priest and we're here to let them know that they are not alone and that you can be...

October 14, 2009Healthcare and Catholics: True and False Arguments by Samuel Gregg D.Phil. Healthcare reform – it’s one of those causes almost everyone favors, but which almost automatically produces sharp arguments when we ask what it means and how it might be realized. You would have had to be living in a cave for the past eight months to be unaware that Americans are deeply divided on this matter, and that the division runs clean through the middle of many communities. That includes Catholic America. Of course, there are a small number of non-negotiables for Catholics, whatever their politics,...

On Friday, Pope Benedict XVI accepted the resignation of Archbishop Kevin McDonald of the Archdiocese of Southwark in London, England. Archbishop McDonald, who has had triple bypass heart surgery and suffers from severe osteoarthritis, submitted his resignation in response to medical advice. “I feel great sadness at having to relinquish my post as Archbishop of Southwark,” said Archbishop McDonald on Thursday in a letter to his archdiocese. “Although I have to contend with illness over the last three years, this appointment has been a great grace. It has been a privilege to lead this great Diocese and I have received...

Bagram Airfield, Afghanistan - Capt. Matt Foley hasn't presided over any weddings or christenings since he arrived here in April - not much call for those services in a war zone. But the Army chaplain and Catholic priest who spent much of his childhood in Wauwatosa stays very busy ministering to nine companies in the 82nd Airborne Divisional Special Troops Battalion, delivering care packages, checking on soldiers' welfare, presiding over Catholic Masses as well as handling any calls for a priest. And like all military chaplains, he cares for all service members regardless of their religion. His job is very...

NASHVILLE - A cinnamon bun bearing the likeness of Mother Teresa may be a miracle for the local coffeehouse merchandising it, but the world's most famous nun finds it in poor taste. In a personally signed letter from Calcutta, India, Mother Teresa asked Bongo Java coffeehouse to stop merchandising its now-famous "nun bun." "My legal counsel . . . has written asking you to stop, and now I am personally asking you to stop," she wrote in a letter dated March 25 and received this week by owner Bob Bernstein. But Bernstein said yesterday that he has no plans to...

Athens, Greece, Dec 4, 2009 / 06:55 am (CNA).- The head of the Greek Orthodox Church has voiced his opposition to a court ban on crucifixes in classrooms in Italy and will hold an emergency synod to lay out a plan of action to combat the ban. Archbishop Ieronymos of Athens and All Greece said that the European Court of Human Rights (EHCR) had ignored the role of Christianity in Europe’s history. According to the BBC, he added that majorities, not only minorities, have rights.The Orthodox Church fears the EHCR ruling could trigger similar rulings about the public display of...

After two weeks of plunging into the waters of the Koran, I can finally come up for air — fresh air. After taking time to plow through the repetitive and garbled "revelations" given to Muhammad in the name of Allah, I can now proceed to rejoice in my Christian faith knowing with metaphysical certainty that Allah is not God. In fact, if Allah were truly God, I would be led to despair and self-destruction, for he is a tyrant and marauder of goodness, no matter what his "ninety-nine names" are. Praised be Jesus Christ!I knew that I had to read...

Featured Term (selected at random):CIBORIUM A covered container used to hold the consecrated small Hosts. It is similar to a chalice but covered and larger, used for small Communion hosts of the faithful. It is made of various precious metals, and the interior is commonly gold or gold-plated. Also synonymous with baldachino as the dome-shaped permanent canopy over a high altar, supported by columns and shaped like an inverted cup. (Etym. Latin ciborium; from Greek kib_rion, cup.) All items in this dictionary are from Fr. John Hardon's Modern Catholic Dictionary, © Eternal Life. Used with permission.

THE Christians have been waiting a while and it's finally happened. Rejoice, my earnest and well-meaning if misguided and deluded brothers! Jesus Christ has returned to earth ... as a stain on the bottom of an iron belonging to an American woman from Massachusetts in the US. Why the son of God chose the iron of Mary Jo Coady upon which to make his triumphant return hasn't really been established, but Mary Jo is rapt. She says the resemblance reassures her that 'life is going to be good' and that it proves 'he's listening'. I'm no theological expert, as you...

It seems like every few years someone’s routine life experiences are interrupted by the sudden appearance of something that requires both a vivid imagination and a heaping portion of faith. These occurrences don’t take place exclusively in Massachusetts, but we’ve certainly had our share of them. The latest in a seemingly endless string of chuckle-inducing incidents happened recently to a 44 year-old medical secretary from Methuen. Engrossed in her usual chores at home last week, Mary Jo Coady’s eyes suddenly focused on, of all things, the underside of her household steam iron. And there it was. What to most of...

www.catholicnewsagency.com Cardinal Cipriani invites woman repentant of abortion to become an 'apostle of life' Lima, Peru, Dec 2, 2009 / 11:09 am (CNA).- During a radio program this week, Cardinal Juan Luis Cipriani of Lima invited a woman who repented of having an abortion to become an “apostle of life “and help others who have experienced the same tragedy. During the program, Dialogue of Faith, the cardinal took a call from a woman who underwent an abortion four years ago and later repented and sought God’s forgiveness in the Sacrament of Confession. “God has forgiven you because He is...

LUTZ — John Lipscomb, the married, 59-year-old former bishop of the Episcopal Diocese of Southwest Florida, was ordained a Catholic priest Wednesday. The morning after, he expressed joy and a sense of relief. He's at peace, spiritually. He's just a priest now. He's not the boss. "The part of the job that never fit was sitting in judgment of other people's lives," he said. "I'm at a point in my life where I want to do the things God called me to do, and not have to make the kinds of decisions that are impossible to make anyway." "We're happy...

Women religious contacted by the Arizona Daily Star for an article on the current apostolic visitation used the opportunity to criticize the Vatican and express their dissent from Catholic teaching. “We are closing schools and churches and they are asking the diocese to spend money on this type of thing?” said Sister Lil Mattingly, a Maryknoll Missioner. “We try very hard to review our own lives and how Jesus is calling us to live, but I'd like to call on Rome to work on that.” Franciscan Sister Elizabeth Ohmann added, “Are we going contrary to Rome's teachings? I say, 'Yes,...

Vatican City – The Vatican and Russia agreed Thursday to establish 'full diplomatic relations’. The announcement follows a meeting between Russian President Dmitri Medvedev and Pope Benedict XVI at the Vatican. Exceptionally, Medvedev had previously met Card Tarcisio Bertone, the Secretary of State, and Mgr Dominique Mamberti, Secretary for Relations with States. The Russian president was accompanied by a large delegation that included Foreign Minister Serghei Lavrov. The announcement concludes a long process that began with Mikhail Gorbachev’s visit on 1 December 1989 to Pope John Paul II. On that historic occasion, the two leaders decided to start relations between...

Douglas Credit 1550. Have you ever heard of the Douglas Social Credit scheme? Yes. It advocates the issue of free credit to consumers to enable them to purchase the goods they themselves make, but which in the present system so many of them cannot possibly buy. It is claimed that the scheme does not involve inflation because the amount of credit to be released is to be calculated only after the goods equivalent to it are actually in existence. The money-supply is to be strictly proportionate to the goods-supply. 1551. Does not this scheme conform with the principles given in...