Why Tom E. Woods is wrong

This post on the Distributist Review, reminded me of Tom Woods' review of Caritas In Veritate in Taki's Magazine, in which he claims that the Holy Father has no say in economics at all.

But if we Catholics are to believe in a monarchy of God's Kingdom at all- with Jesus Christ as the Once and Future King- then His Kingship *should* rule over *all* of our lives, not just some. Therefore, perhaps long before we consider monetary policy, we need to consider what use an economy is at all- and what we want out of it. Only with the end in sight, can we plan a way to get there.