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Usury


RezaMikhaeil

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RezaMikhaeil

I was curious what people's opinions are about charging interest for loans and such, also referred to as "Usury"?

Reza

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"Usury" has been condemned by the Church. It is debated whether charging loans today would be usury.

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Nihil Obstat

Fr. Cappie once posted a great link for me in the Q&A section.
[url="http://www.catholicculture.org/culture/library/view.cfm?id=646&CFID=17821&CFTOKEN=68013872"]http://www.catholicculture.org/culture/lib...FTOKEN=68013872[/url]

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RezaMikhaeil

[quote name='Nihil Obstat' post='1870488' date='May 18 2009, 05:40 PM']Fr. Cappie once posted a great link for me in the Q&A section.
[url="http://www.catholicculture.org/culture/library/view.cfm?id=646&CFID=17821&CFTOKEN=68013872"]http://www.catholicculture.org/culture/lib...FTOKEN=68013872[/url][/quote]

very informative article... I disagreed with the author in minor ways [small amounts of context] but generally speaking was great!

I also found it interesting that Pope Alexander III supposedly excommunicated people that charged usery.

I'd thought of this topic because my wife was reading Ezekiel the other night and it strongly condemned usery, which kinda reminded me of what my Muslim sisters have told me about what the Qur'an says and it got me thinking.

Reza

Edited by RezaLemmyng
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[quote name='Nihil Obstat' post='1870488' date='May 18 2009, 07:40 PM']Fr. Cappie once posted a great link for me in the Q&A section.
[url="http://www.catholicculture.org/culture/library/view.cfm?id=646&CFID=17821&CFTOKEN=68013872"]http://www.catholicculture.org/culture/lib...FTOKEN=68013872[/url][/quote]
Fascinating.

It is extremely hard for me to envision a world where money has no investment value. And yet, that was most of human history...

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RezaMikhaeil

[quote name='philothea' post='1870558' date='May 18 2009, 07:20 PM']Fascinating.

It is extremely hard for me to envision a world where money has no investment value. And yet, that was most of human history...[/quote]

Well I'd like to point out that charging interest for a loan, which is usury, is different then giving somebody money for the sake of charity [helping the poor to stablize themselves for the sake of them being self-sustaining] or giving somebody money for the sake of investment in which you share in the wealth if the business is successful, which is profitable but it's not usury.

Reza

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