Thomas Aquinas’ point that charging interest on a mutuum loan (usury) involves selling what does not exist

Thomas Aquinas’ point that charging interest on a mutuum loan (usury) involves selling what does not exist [The following proposition is condemned as erroneous:] Since ready cash is more valuable than that to be paid, and since there is no one who does not consider ready cash of greater worth than future cash, a creditor …

Thomas Aquinas’ point that charging interest on a mutuum loan (usury) involves selling what does not exist Read More »