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Author Topic: Investing for retirement while avoiding usury?  (Read 5240 times)

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Offline Last Tradhican

Re: Investing for retirement while avoiding usury?
« Reply #30 on: June 06, 2019, 10:04:55 AM »
Quote from: confederate catholic on June 06, 2019, 09:31:00 AM
..you need to speak to a priest who is knowledgeable in financial matters. 
I don't ask my financial consultants about spiritual advice, nor my priest about financial advice.
Easier to find a real Catholic financial consultant
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Offline SeanJohnson

Re: Investing for retirement while avoiding usury?
« Reply #31 on: June 06, 2019, 10:15:58 AM »
Quote from: Last Tradhican on June 06, 2019, 10:04:55 AM
I don't ask my financial consultants about spiritual advice, nor my priest about financial advice.
Easier to find a real Catholic financial consultant

Careful you don’t fall into Lockean nominalism, which asserts a division between business and morality.

I would say a Fr. Fahey type priest would be an ideal consultant.
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Offline Ladislaus

  • Supporter
Re: Investing for retirement while avoiding usury?
« Reply #32 on: June 06, 2019, 02:15:54 PM »
Right, and careful not to use the legal definition of "usury" vs. a Catholic one.  In legal terms, only exorbitant interest is usury, but in Catholic terms, any interest is.  As I said, though, modern banking is a little different because of the costs and overhead required to operate the business.  They have to make money somehow, and you can consider the interest as helping pay for their operations.
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Offline Quo vadis Domine

  • Supporter
Re: Investing for retirement while avoiding usury?
« Reply #33 on: June 06, 2019, 04:21:44 PM »
Quote from: Ladislaus on June 06, 2019, 02:15:54 PM
Right, and careful not to use the legal definition of "usury" vs. a Catholic one.  In legal terms, only exorbitant interest is usury, but in Catholic terms, any interest is.  As I said, though, modern banking is a little different because of the costs and overhead required to operate the business.  They have to make money somehow, and you can consider the interest as helping pay for their operations.
Lad, correct me if I’m wrong, but I thought that in Catholic terms, usury was the accruing of interest only from non-productive loans.
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