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New Polity
Good Money: Should We Charge Interest on Loans?
Sep 20, 2022
The hosts discuss usury and its misconceptions, skepticism towards changing traditions, and the importance of reading relevant documents. They explore the nature of usury, the defense of it today, and frustration with individuals dismissing Church teachings. They explore the beliefs and practices of the SSPX, including their rejection of papal authority. The podcast also delves into the condemnation of usury in the Bible and the concept of 'lucrum cesans' and its implications beyond financial loss.
01:43:04
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Quick takeaways
- Usury, charging interest on loans, is condemned in the Bible and by the Church, emphasizing that one should not desire more than they have given in a loan regardless of the borrower's wealth or purpose of loan.
- Usury is not just an external act but an internal disposition, highlighting that the sin of usury cannot be justified by factors like the amount of interest, the borrower's wealth, or the use of borrowed money for productive purposes.
Deep dives
Usury is condemned in the Bible and the Church's tradition.
The podcast discusses how usury, charging interest on loans, is condemned in the Bible and is a consistent teaching of the Church. The church upholds the principle that one should not desire more than they have given in a loan, regardless of the amount, whether it is a small or large gain. This teaching applies regardless of the borrower's wealth, and even if the borrowed money is used for productive purposes. The condemnation of usury is rooted in the idea that contractual relationships should not create enmity or inequality between individuals.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode