The Gold Standard and the Theology of Money as Perceived by Denis Fahey

This text provides a thorough analysis of Denis Fahey's thought, who viewed monetary systems not as technically neutral tools but as the foundations of a social order based on Thomistic principles. The author offers a critique of the gold standard as a measure dependent on the scarcity of metals rather than the needs of the community. The article discusses the mechanisms of money creation as debt and the fractional reserve system, which Fahey identified as forms of systemic usury. These considerations are set in the context of contemporary financialization, where algorithms and risk models are replacing the ethical primacy of the common good. The work concludes with postulates for state monetary sovereignty and the introduction of narrow banking, aimed at restoring price stability and the instrumental role of money in the service of humanity.