Usury and the Church in Error

It may not be sufficiently clear the criticism that is leveled against the Scholastics and the Church by the claims in the previous post.

When the scholastics were making arguments about the evil of usury and proposing that it is intrinsically evil, they were doing this all under the presupposition of uncertain economic gain. This is perhaps the farthest thing possible from their actual considerations, but even considered on that basis they and the Church were eminently wrong. One cannot arrive at a claim that something is intrinsically evil, that is every where and under all conditions, under the assumption of uncertain economic conditions.  There must have been a fundamental flaw in their arguments, a mistaken proposition and for the Church a manifest error in teaching. The usury that is owed the lender is based on economic conditions, rather than something intrinsically unjust for the lender to demand by the nature of usury itself.

Moreover, if right, the author must also admit that the usury ban was in effect during the financial crisis when making a profit through investment of money was very uncertain.

Advertisements
This entry was posted in Economics, Usury. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s