The Sin of Usury

The Josias

I. Introduction[1]

To the extent that usury is thought of or discussed today it is usually understood as the charging of excessive interest on loans, especially perhaps on a consumer loan as opposed to a business loan. Although the charging of high rates of interest is indeed a real social and political evil, this is not the classical understanding of usury. Rather usury, as that has been discussed for centuries in Catholic theology and condemned again and again by the Church, means the taking of any interest on any type of loan, simply by virtue of the loan contract. The most complete papal treatment of usury is found in the 1745 encyclical of Pope Benedict XIV, Vix Pervenit, the relevant portions of which run,

View original post 4,033 more words

Advertisements

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 )

Twitter picture

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

Facebook photo

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

Google+ photo

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

Connecting to %s