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To borrow upon Usury, bringeth on Beggary. — Usury

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"To borrow upon Usury, bringeth on Beggary."
To borrow upon Usury, bringeth on Beggary.
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Usury
Usury
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Usury is the practice of making loans that are seen as unfairly enriching the lender. The term may be used in a moral sense—condemning taking advantage of others' misfortunes—or in a legal sense, where an interest rate is charged in excess of the maximum rate that is allowed by law. A loan may be considered usurious because of excessive or abusive interest rates or other factors defined by the law

About Usury

Usury is the practice of making loans that are seen as unfairly enriching the lender. The term may be used in a moral sense—condemning taking advantage of others' misfortunes—or in a legal sense, where an interest rate is charged in excess of the maximum rate that is allowed by law. A loan may be considered usurious because of excessive or abusive interest rates or other factors defined by the law

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"There are two sorts of wealth-getting, as I have said; one is a part of household management, the other is retail trade: the former necessary and honorable, while that which consists in exchange is justly censured; for it is unnatural, and a mode by which men gain from one another. The most hated sort, and with the greatest reason, is usury, which makes a gain out of money itself, and not from the natural object of it. For money was intended to be used in exchange, but not to increase at interest. And this term interest, which means the birth of money from money, is applied to the breeding of money because the offspring resembles the parent. Wherefore of an modes of getting wealth this is the most unnatural."
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"Among the principal criticisms leveled against the merchants was the charge that their profit implied a mortgage on time, which was supposed to belong to God alone. For example, we have the following remarks of a lector-general of the Franciscan order in the fourteenth century concerning a disputed question: "Question: is a merchant entitled... to demand a greater payment from one who cannot settle his account immediately than from one who can? The answer argued for is no, because in doing so he would be selling time and would be committing usury by selling what does not belong to him." ...The whole of economic life at the dawn of commercial capitalism is here being called into question."
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Usury