a day ago
- Business
- Wall Street Journal
Javier Milei's Gift for Pope Leo
On June 7, Pope Leo XIV met with Argentine President Javier Milei at the Vatican. Mr. Milei reportedly gave the new pope a historical document from 1642, a handwoven vicuña poncho, and Austrian economist Friedrich Hayek's 1988 book, 'The Fatal Conceit: The Errors of Socialism.' Even though the book costs only $18.83 on Amazon, it was the most valuable gift.
Hayek's fatal conceit is that 'man is able to shape the world around him according to his wishes.' It's a hearty defense of free markets—of classical liberalism. My colleague Matthew Hennessey got taken to task by the vice president for defending free markets on these pages. In 2025!
