Lend Hoping Nothing Podcast

Introduction * Interest in speculation * Original NewPolity podcast * Saw mistakes about societas * Read Aquinas and saw more mistakes * Discussed with people on Twitter * Read NewPolity article and started reading citations Essay * Four Arguments - ordered by authority * From Scripture * From St. John Paul II * From The Tradition * From Reason * From Scripture A Christian should not own stocks an...

Introduction * Essay up on NewPolity’s blog: https://newpolity.com/blog/should-christians-invest-in-the-stockmarket * I wrote essay published in 4.2: https://newpolity.com/single-issues/vol-4-2 * Marc wrote response to me * Interesting objections from essay in livestream recently put up: * I’ll address some of that here * Two part podcast * First deals with shareholding * Second deals with trading...

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Three Reasons * Practical * Theoretical * Theological Practical * Usurers may be few, but borrowers suffering usury are many * Examples of usurious debt (personally secured loans for profit) * Credit cards * Pay Day Loans * Student loans * Car loans * Most mortgages * Impoverishes many people, e.g. student loan debt * Leads to hatred of the wealth not suffering the debt * Hatred of institutions in...

Introduction The Current problem - many different positions * Usury is rent on money * Usury not present today * Thomas Woods - doctrine has implicit assumptions - https://archive.org/details/churchmarketcath0000wood * Destroys all moral doctrine * Thomas Divine, SJ - merely oppression of the poor, objective market rates prevent oppression of the poor - https://archive.org/details/interesthistoric...

Is it generally immoral to invest in 401k's for retirement? w/ Jacob Imam Vs Trent Horn New Polity Blog Post: https://newpolity.com/blog/replies-to-trent-horn-401k This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit lendhopingnothing.substack.com

Last Episode * Showed tradition definition is "exacting profit from a mutuum" * Three key terms: exacting, profit and mutuum * Exacting - obligating or requiring in the agreement * Profit - anything over the principle, increment, addition, superabundance * Here focus on mutuum What is the mutuum? * Great deal of disagreement * Loan for consumption - Belloc and McCall * Neither specifies mutuum, bu...

* Introduction * Many divergent opinions * Taking advantage of the poor - Divine * Excessive rates in loans * Any surplus taken on a transaction - Pesch * Any interest on any loan * Interest on loans for consumption - Belloc, McCall * Scripture * Hebrew (Divine, 6) https://archive.org/details/interesthistoric0000thom * Masah: to take interest and to oppress * Nesek: to bite, oppress or take intere...