Usury In Christendom

“the mortal sin that was and now is not”   I just watched it and though it was interesting.

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3 thoughts on “Usury In Christendom

  1. I listened to part of this, but it was too long and uninteresting. In the Old Testament the Jews could not lend to other Jews at interest but they could charge other people interest. The New Testament seems to continue that by distinguishing believers and non-believers. In the society we have today, however, this becomes a difficult doctrine to navigate. I think secular society has a right to usury and society governs the extent of the interest.
    In any case the NT is really warning against avarice and that is the main thing to guard against – that is the mortal sin.

    • How does society guard against avarice? Or prevent those who are avaricious from exercising that avarice or becoming a negative influence on society?

      It gets interesting when you consider what a society without interest would be like. Off the top of my head:
      Production would be the only way to create wealth. The financial industry, which are essentially middle men, would not exist. Raising capital would depend on partnerships and venture capital, vested interest in the success of a venture, rather than straight debt.

      Ask yourself why the Israelites were forbidden from charging interest to each other.
      Inheritance and saving would be very important. This would seem to condition the society towards a more long term thinking, rather than instant gratification. “Consumerism” would largely disappear and quality would become more important than quantity when easy “buy now, pay later” credit was gone.

      In the short term you would have deflation as the credit disappeared, but long term, monetary policy would have to favor a stable currency rather than an inflation.

      Going to the rennaisance fair, today.

  2. Very interesting stuff! I listened to nearly all of it, and will have to listen again later to absorb this.

    Usury as a mortal sin: that’s one that I’ve not heard taught before, but it makes a lot of sense. Frankly I’ve never liked the whole feel-good, prosperity religion that seems to pervade Christian preaching today. This is refreshing!

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