tag:blogger.com,1999:blog-8940364093450837549.post54738579818742028..comments2024-03-29T09:39:50.604+00:00Comments on Fr Hunwicke's Mutual Enrichment: H J A SIRE on CAPITALISM and USURYFr John Hunwickehttp://www.blogger.com/profile/17766211573399409633noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-8940364093450837549.post-46829321895898700562015-10-04T12:05:27.512+01:002015-10-04T12:05:27.512+01:00It is very much worth noting that the topic of Usu...It is very much worth noting that the topic of Usury has returned a while ago in the Catholic blogosphere. I invite you to have a look at the treatment of the subject - in particular, how it still applies - on Zippy's blog, and in particular, on his Usury FAQ: https://zippycatholic.wordpress.com/2014/11/10/usury-faq-or-money-on-the-pill/<br /><br />All his elucidations on this topic are worthwywialmhttps://www.blogger.com/profile/10839436531140017459noreply@blogger.comtag:blogger.com,1999:blog-8940364093450837549.post-9008065747376727642015-10-02T06:45:59.798+01:002015-10-02T06:45:59.798+01:00I'm no theologian, but to me the stock market ...<b>I'm no theologian, but to me the stock market doesn't seem very different to gambling on horses, an activity still quite popular with parish priests here in Ireland.</b><br /><br />There's quite a lot of difference. Investing in the market is almost certain to make you a good return in the long-run on average (and it's vert easy to be average through investments index funds). Don Doritohttps://www.blogger.com/profile/00417406117330058053noreply@blogger.comtag:blogger.com,1999:blog-8940364093450837549.post-40110752268686107752015-10-02T06:37:08.915+01:002015-10-02T06:37:08.915+01:00(1) Investing in the stock market or in an interes...(1) Investing in the stock market or in an interest-bearing savings account is not usury. When you're buying stock, you're buying shares in a business and are entitled to profits from the business. Thomas Aquinas:<br /><br /><i>He who lends money transfers the ownership of the money to the borrower. Hence the borrower holds the money at his own risk and is bound to pay it all back: Don Doritohttps://www.blogger.com/profile/00417406117330058053noreply@blogger.comtag:blogger.com,1999:blog-8940364093450837549.post-85321537393537244742015-10-01T15:20:15.710+01:002015-10-01T15:20:15.710+01:00Yes, I second John. I am perfectly willing to acce...Yes, I second John. I am perfectly willing to accept that usury in the classical sense is wrong, but now what do we do about it? Must I refuse to use Visa, because in doing so I am supporting a usurer? And I know many dioceses and religious orders manage their retirement funds through the market. Besides creating an alternative economy (a la Alasdair MacIntyre) where does the Church begin?<br /><Tommyhttps://www.blogger.com/profile/00410214806302852135noreply@blogger.comtag:blogger.com,1999:blog-8940364093450837549.post-2068596684106263632015-10-01T15:19:42.875+01:002015-10-01T15:19:42.875+01:00I'm no theologian, but to me the stock market ...I'm no theologian, but to me the stock market doesn't seem very different to gambling on horses, an activity still quite popular with parish priests here in Ireland.Michael Leahyhttps://www.blogger.com/profile/15044897013849386271noreply@blogger.comtag:blogger.com,1999:blog-8940364093450837549.post-72767582526591578852015-10-01T12:23:01.814+01:002015-10-01T12:23:01.814+01:00Money in the stock market is not lent - it consist...Money in the stock market is not lent - it consists of shares of ownership of listed companies.IanWhttps://www.blogger.com/profile/14802289720095323373noreply@blogger.comtag:blogger.com,1999:blog-8940364093450837549.post-58293665486755965932015-10-01T12:17:12.962+01:002015-10-01T12:17:12.962+01:00It seems to me that in stock market you are an inv...It seems to me that in stock market you are an investor, i.e. become a co-owner, and then you can either win or loose money, albeit not through sharing the profit. So this does not fall under the concept of usury. A real problem is that there are millions sinning by keeping their money in a bank account on which the bank pays them an interest, even if it often is lower than the inflation rate. Pulexhttps://www.blogger.com/profile/13164993172745639593noreply@blogger.comtag:blogger.com,1999:blog-8940364093450837549.post-76483840706565903892015-10-01T02:36:37.248+01:002015-10-01T02:36:37.248+01:00I am very happy that interest rates are negligible...I am very happy that interest rates are negligible on property right now here across the pond. I try to avoid the usury of our world, but my company provides a retirement fund that is invested in the stock market. I know a little about how to take advantage of that, by watching the markets, which has allowed me to purchase said property. So to mimic John H. Graney, what does this mean for me whenMary Kayhttps://www.blogger.com/profile/15177771196355631149noreply@blogger.comtag:blogger.com,1999:blog-8940364093450837549.post-6308412413225973962015-09-30T21:14:08.639+01:002015-09-30T21:14:08.639+01:00So, umm, what does this mean for you if you have m...So, umm, what does this mean for you if you have money in the stock market?John H. Graneyhttps://www.blogger.com/profile/07217298274393450604noreply@blogger.com