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"Usury" Is Excellent Question For Christian Philosophy, Analysis
(Apollonian, 12 Aug 16)
(Apollonian, 12 Aug 16)
Yes2truth: Ur question (see below-copied) simply brings up questions of basic economics. If ur money is real money, hence commodity-based, w. "intrinsic value," hence gold/silver, and NOT NOT NOT mere "currency," which is legalized counterfeiting, then the REAL money can be loaned to willing borrowers by mutual consent for mutual benefit.
Remember: only that money can be loaned which is owned by people who have it available. The "interest" would have to come fm the rest of the economy earned by the borrower. If the funds cannot be re-paid, then the borrower loses his collateral security, obviously.
"Usury" is UN-DEFINED in the Biblic literature and in the citations given by Hoffman, who himself provides NO substantial or definitive exposition upon the real meaning of the term, "usury"--why his book is such a gross failure, as I've explained to Hoffman several times.
Thus "usury" could ONLY refer to the fiat-currency system--LEGALIZED COUNTERFEITING--by which the amount of currency in circulation is easily manipulated so that when total circulation is reduced ("deflated"), then the ability to pay back loans is made impossible, and the debtors are FORCED into bankruptcy, losing their collateral and impoverished.
This distinction btwn fiat-currency and REAL MONEY is what Hoffman overlooks, indeed, seems to know absolutely NOTHING about--why his book is a disaster and embarrassment. Ur question then is excellent and simple which allows a definitive exposition of the topic.
Remember also: Christianity is sublimely and magnificently rational aesthetic (literature) which conveys the Holy Spirit of reason, honesty, and integrity by which to grasp and apprehend Christ = TRUTH (Gosp. JOHN 14:6), the ONLY way to God and Godly happiness.
Hoffman seems to want to pretend Christ and Bible merely issue COMMANDS--which is actually what Islam does, Christianity rather conducting most sublime rationalist dialectic by which to expose, refute, and condemn satanism (extreme subjectivism) and Jew lies (JOHN 8:44).
This is basic issue, not only regarding specific subject of "usury," but also the nature of Christianity which Hoffman mis-represents as an Islamic-style panoply of COMMAND(s) (a), regarding (b) something, "usury," which Hoffman totally mis-understands, as I note. Keep thinking and asking ur excellent questions, for that's the Christian method which always wins, truth (= Christ) ALWAYS resurrecting as at Easter, for truth reflects the God-given (hence objective) reality. Don't forget Pontius Pilate's rhetorical question at JOHN 18:38, "what is truth?"
----------------------above by ap in response to below-copied------------------
Thanks for this, very helpful and informative.
@ The Truth will set you free: Question for you. If 1 million pounds is put into circulation within a small community and interest at 5% is charged, where does the additional £50,000 come from?