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Sirach14
Guest
Scripture in many places condems usury, especially the taking of interest for a loan of money, but yet the Vatican has many investments in banks. Has the rules changed?
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sullivansoul
Guest
where has it condemned it? Could you point me to a source?
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eoff
Guest
From the Catholic Encyclopedia:
No absolute prohibition (of usury) can be found in the Old Testament; at most, Exod., xxii, 25, and Deut., xxiii, 19, 20, forbid the taking of interest by one Jew from another. In the Christian era, the New Testament is silent on the subject; the passage in St. Luke (vi, 34, 35), which some persons interpret as a condemnation of interest, is only an exhortation to general and disinterested benevolence.
newadvent.org/cathen/15235c.htm
No absolute prohibition (of usury) can be found in the Old Testament; at most, Exod., xxii, 25, and Deut., xxiii, 19, 20, forbid the taking of interest by one Jew from another. In the Christian era, the New Testament is silent on the subject; the passage in St. Luke (vi, 34, 35), which some persons interpret as a condemnation of interest, is only an exhortation to general and disinterested benevolence.
newadvent.org/cathen/15235c.htm
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Vincent
Guest
The rules haven’t changed, but money has.
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Apologia100
Guest
We no longer fall under the Law, therefore in the Church Age, which we currently live in, usury is not longer prohibited. Additionally, usury was only forbidden between Jews, outsiders we not immune to being charge usury.
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Vincent
Guest
The Council of Vienne unambiguously taught,If indeed someone has fallen into the error of presuming to affirm pertinaciously that the practice of usury is not sinful, we decree that he is to be punished as a heretic…St. Thomas Aquinas, in several articles, argues just how usury is sinful.
The question, then, is whether the current practice of lending money at interest constitutues usury.
Check out “The Red Herring of Usury” from This Rock Magazine.
The question, then, is whether the current practice of lending money at interest constitutues usury.
Check out “The Red Herring of Usury” from This Rock Magazine.
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Scott_Waddell
Guest
As I understand it, usury is defined as the unjust charging of interest on money loaned. Therefore, usury is still as wrong as it ever was, but not all charging of interest is unjust.
Scott
Scott
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Apologia100
Guest
The colloquial definition of usury is to charge exhorbitant rates of interest on money borrowed, but the archaic definition is to charge ANY amount of interest on a loan (Latin usura, to use, was a sum paid for the use of money, i.e., if you want to use my money, I am going to charge you a fee on top of the principle). Jews were forbidden to charge a usury on money borrowed to other Jews, they were allower to charge a usury on loans to outsiders “gentiles”. So, in the traditional context of the word, usury is not forbidden, in the colloquial usage, usury is forbidden.
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Todd_Easton
Guest
In the Parable of the Talents (Matthew 25:14-30), Jesus said, “Then you ought to have invested my money with the bankers, and at my coming I should have received what was my own with interest.” (v. 17)
Todd
Todd
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