Comments on: The moral parameters of private lending (a case against usury) http://americanclarity.com/2011/12/14/the-moral-parameters-of-private-lending-a-case-against-usury/ The laws of nature and of nature's God for the refined conservative Tue, 22 May 2012 07:33:36 +0000 http://wordpress.org/?v=2.2.1 By: admin http://americanclarity.com/2011/12/14/the-moral-parameters-of-private-lending-a-case-against-usury/#comment-32364 admin Thu, 12 Jan 2012 02:39:31 +0000 http://americanclarity.com/2011/12/14/the-moral-parameters-of-private-lending-a-case-against-usury/#comment-32364 <font size="3"><p>Thank you for your response! As far as Biblical Law is concerned, the only moral application of usury is when a foreign, non-citizen, non-Israelite was involved. In our day, a usurious loan would be permissible if lending to non-citizens: Christians, Jews (just to be safe), and citizens would be protected by law from any usurious debt, and all citizen loans would be released after a seven year period.</p> </font>

Thank you for your response! As far as Biblical Law is concerned, the only moral application of usury is when a foreign, non-citizen, non-Israelite was involved. In our day, a usurious loan would be permissible if lending to non-citizens: Christians, Jews (just to be safe), and citizens would be protected by law from any usurious debt, and all citizen loans would be released after a seven year period.

]]> By: Arthenor http://americanclarity.com/2011/12/14/the-moral-parameters-of-private-lending-a-case-against-usury/#comment-32349 Arthenor Wed, 11 Jan 2012 20:21:14 +0000 http://americanclarity.com/2011/12/14/the-moral-parameters-of-private-lending-a-case-against-usury/#comment-32349 <font size="3"><p>The article's title seems to focus the topic on private lending, but the article does not clearly define whether it is referring to some loans and not others or whether it is discussing all loans. Can you clarify what, if any, loans for which usury would be acceptable?</p> </font>

The article’s title seems to focus the topic on private lending, but the article does not clearly define whether it is referring to some loans and not others or whether it is discussing all loans. Can you clarify what, if any, loans for which usury would be acceptable?

]]> By: admin http://americanclarity.com/2011/12/14/the-moral-parameters-of-private-lending-a-case-against-usury/#comment-31358 admin Tue, 27 Dec 2011 16:51:54 +0000 http://americanclarity.com/2011/12/14/the-moral-parameters-of-private-lending-a-case-against-usury/#comment-31358 <font size="3">I had no clue Lincoln said that! Good grief, that quote alone would have helped the article get published by AT, who, though oftentimes supportive, found the article to be offensive and anti-market. Thanks for your input, and thank you for the valuable information =)</font> I had no clue Lincoln said that! Good grief, that quote alone would have helped the article get published by AT, who, though oftentimes supportive, found the article to be offensive and anti-market. Thanks for your input, and thank you for the valuable information =)

]]> By: Ben Terrill http://americanclarity.com/2011/12/14/the-moral-parameters-of-private-lending-a-case-against-usury/#comment-31357 Ben Terrill Tue, 27 Dec 2011 16:04:41 +0000 http://americanclarity.com/2011/12/14/the-moral-parameters-of-private-lending-a-case-against-usury/#comment-31357 <font size="3"><p>Very good thinking. A quote from Lincoln (Abraham) would seem supportive: "Labor is prior to, and independent of, capital. Capital is only the fruit of labor, and could never have existed if labor had not first existed. Labor is the superior of capital, and deserves much the higher consideration" (from First Annual Message to Congress, December 3, 1861).</p> <p>I refrain from using the term "capitalism" to describe our economic system. First, the term was coined, I believe, by Karl Marx. Second, it infers our system is based on money rather than what you have more than adequately described. I tend to use "free enterprise," but even that falls a bit short.</p> </font>

Very good thinking. A quote from Lincoln (Abraham) would seem supportive: “Labor is prior to, and independent of, capital. Capital is only the fruit of labor, and could never have existed if labor had not first existed. Labor is the superior of capital, and deserves much the higher consideration” (from First Annual Message to Congress, December 3, 1861).

I refrain from using the term “capitalism” to describe our economic system. First, the term was coined, I believe, by Karl Marx. Second, it infers our system is based on money rather than what you have more than adequately described. I tend to use “free enterprise,” but even that falls a bit short.

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