http://catholicexchange.com/2008/09/20/113897/ Catholic News, Catholic Articles, Catholic Apologetics, Catholic Content, Catholic Information Fri, 10 Feb 2012 03:46:00 +0000 hourly 1 http://wordpress.org/?v=3.0.2 http://catholicexchange.com/2008/09/20/113897/comment-page-1/#comment-34293 Jared Mon, 22 Sep 2008 20:07:29 +0000 http://www.newcesite.com/2008/09/20/113897/#comment-34293 I think Dr. Gregg's reasoning is perfectly sound as an argument against an interest cap that is too low, arbitrary, or not in touch with the realities of the economy, but not as an argument against all interest caps at all times. Catholic ethics and social teaching still recognizes that there is such a sin as Usury. Usury means no more or less than this: that an individual or organization's ability to set interest rates on their loans *has moral limits* -- the market has its say, but it is not the only voice in the matter, morally speaking. It would not be against Catholic social teaching if governments also recognized this fact, actually I think it is a long overdue issue that we as Catholics could have addressed before now, to the benefit of all. I think Dr. Gregg’s reasoning is perfectly sound as an argument against an interest cap that is too low, arbitrary, or not in touch with the realities of the economy, but not as an argument against all interest caps at all times. Catholic ethics and social teaching still recognizes that there is such a sin as Usury. Usury means no more or less than this: that an individual or organization’s ability to set interest rates on their loans *has moral limits* — the market has its say, but it is not the only voice in the matter, morally speaking. It would not be against Catholic social teaching if governments also recognized this fact, actually I think it is a long overdue issue that we as Catholics could have addressed before now, to the benefit of all.

]]> http://catholicexchange.com/2008/09/20/113897/comment-page-1/#comment-34213 Savings » Blog Archive » The Credo of Credit Sat, 20 Sep 2008 08:03:15 +0000 http://www.newcesite.com/2008/09/20/113897/#comment-34213 [...] Dr. Samuel Gregg wrote an interesting post today on The Credo of Credit. Here’s a quick excerpt: [...] [...] Dr. Samuel Gregg wrote an interesting post today on The Credo of Credit. Here’s a quick excerpt: [...]

]]> http://catholicexchange.com/2008/09/20/113897/comment-page-1/#comment-34210 Interest Rates » The Credo of Credit Sat, 20 Sep 2008 06:48:29 +0000 http://www.newcesite.com/2008/09/20/113897/#comment-34210 [...] Read the rest of this great post here [...] [...] Read the rest of this great post here [...]

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