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What is usury? Why is it evil?
https://considerandhearme.wordpress.com ^
| 02/01/2011
| considerandhearme
Posted on 02/01/2011 6:05:54 AM PST by mbeaven
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1
posted on
02/01/2011 6:05:57 AM PST
by
mbeaven
To: mbeaven
This is about as simplistic as the drawings used to illustrate it. If the purpose is to say credit should be used wisely, fine. If the intent is to say that capital markets are unnecessary or evil, the premise is simply stupid.
2
posted on
02/01/2011 6:11:13 AM PST
by
econjack
(Some people are as dumb as soup.)
To: mbeaven
Just read about the sabbath and jubilee prescriptions in Leviticus. The lack of setting the slate clean once in a while will bite us. God owns everything. How should that be reflected in commerce? Just asking.
3
posted on
02/01/2011 6:18:23 AM PST
by
Rippin
To: Rippin
God owns everything. How should that be reflected in commerce? They don't believe in God. There is no God for many, many people. They just want to do what is right 'in their own eyes'.
4
posted on
02/01/2011 6:26:05 AM PST
by
shiva
To: mbeaven
Shouldn’t you be selling insurance?
5
posted on
02/01/2011 6:50:00 AM PST
by
vladimir998
(Copts, Nazis, Franks and Beans - what a public school education puts in your head.)
To: shiva
Right. But I find it interesting that this single biggest macro-economic challenge that the secular world faces is the problem of the ‘business cycle’ booms and busts that they can’t quite control. The Left has used the major downturns to destroy freedom.
6
posted on
02/01/2011 6:53:47 AM PST
by
Rippin
To: mbeaven
Lending money to someone so they can ... buy a house to live in, a car to drive Bull.
On the contrary, as long as the interest rate is not too high, these loans are a needed service. You may be able to buy a home without a loan, but I can't.
There are bigger fish to fry than this. It is just a distraction.
7
posted on
02/01/2011 6:57:20 AM PST
by
backwoods-engineer
(Any politician who holds that the state accords rights is an oathbreaker and an "enemy... domestic.")
To: mbeaven
Usury is between sometimes and always.
8
posted on
02/01/2011 6:57:23 AM PST
by
MortMan
(I am in no mood to be amused! (Ebenezer Scrooge))
To: backwoods-engineer
Wht isn’t a 30 year fixed mortage deemed usuary? I thought legally, anything over 25% interest is deemed usuary? Granted the loan may be written for say 6%, but 85%+ goes towards interest over the first many many years.
9
posted on
02/01/2011 7:04:58 AM PST
by
enraged
To: mbeaven
With this type of thinking, I would still be working the land of some feudal lord in Europe.
10
posted on
02/01/2011 7:06:27 AM PST
by
gusty
To: mbeaven
This analysis is seriously flawed. It does not take into account other goods and services that can be traded of like value instead of money. It also does not take into account the velocity of money changing hands many times over time.
In sum, it is a very badly flawed and way over simplified analysis.
To: mbeaven
The very first distinction made in this article is nonsensical and gratuitous. Why is the oil somehow more “worthy” than the flat-screen TV or the Christmas presents? Because the author says so.
As Chesteron said, every crank has a theory about money, and a theory about the Jooooooooz.
12
posted on
02/01/2011 7:24:43 AM PST
by
Arthur McGowan
(In Edward Kennedy's America, federal funding of brothels is a right, not a privilege.)
To: mbeaven
From a moral stand-point, money lent for things like entertainment and personal consumption are considered usury. Money lent for economic gain is not. Ping for later
13
posted on
02/01/2011 7:37:17 AM PST
by
Alex Murphy
("Posting news feeds, making eyes bleed, he's hated on seven continents")
To: mbeaven
When the interest rate is so high that just servicing the loan will never pay it off. A friend was paying on his credit card with just the required payment. At the end of the year he owed more than when he started at the beginning of the year.
14
posted on
02/01/2011 7:45:48 AM PST
by
ReverendJames
(Only A Painter Or A Liberal Can Change Black To White)
To: ReverendJames
Paying the ‘minimum’ will keep you in chains for years and years...
15
posted on
02/01/2011 7:48:47 AM PST
by
who knows what evil?
(G-d saved more animals than people on the ark...www.siameserescue.org.)
To: mbeaven
So my grandson says “hey grandma, can you loan me $20 till payday”, is usury because he goes to a movie but if he wanted to drill for oil it would be OK?
It has been my experience that people who write these sort of articles (now blogs) do so because they have not been able to control their own finances and borrowing has gotten out of control for them. In order to make themselves feel better they start harping on “usury” and/or interest and paying for everything in cash, having no concept of balance in their lives.
16
posted on
02/01/2011 7:48:49 AM PST
by
svcw
(God doesn't show up in our time, but He shows up on time)
To: who knows what evil?
BofA’s credit card interest rate is something like 99% over the life of the balance (if you just pay the minimum monthly). I read it in the fine print on a bill once. Scared the life out of me. I pay that thing off every month.
17
posted on
02/01/2011 8:12:26 AM PST
by
ReverendJames
(Only A Painter Or A Liberal Can Change Black To White)
To: svcw
It is only usury if you charge interest for the loan.
18
posted on
02/01/2011 8:52:33 AM PST
by
mbeaven
(Divorce Stats)
To: Arthur McGowan
I actually took my arguments from Chesterton. Nice try.
19
posted on
02/01/2011 9:01:05 AM PST
by
mbeaven
(Divorce Stats)
To: mbeaven
20
posted on
02/01/2011 10:16:28 AM PST
by
redgolum
("God is dead" -- Nietzsche. "Nietzsche is dead" -- God.)
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