tag:blogger.com,1999:blog-4748060798655400108.post4765975866586479661..comments2023-11-02T08:55:35.510-07:00Comments on Market Design: Usury in the middle agesAl Rothhttp://www.blogger.com/profile/02232854038397912604noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-4748060798655400108.post-23384387282616525952010-05-23T04:45:11.786-07:002010-05-23T04:45:11.786-07:00“Consider Dante’s Inferno. As Dante descends into ...“Consider Dante’s Inferno. As Dante descends into the depths of Hell, he discovers usurers in the smallest and most terrifying ring (Round 3 of Circle VII) of the Inferno. their sins are classified as a kind of violence towards God because usury was an attack on the natural use for money given by God and it implied contempt for God’s bounty.<br />Jct: I guess they didn't grasp the violence towards borrowers lending all 10, exacting from all 11, and forcing borrowers to fight it out in the mort-gage death-gamble to see who survives death of enterprise by foreclosure. <br /><br />"After the Napoleonic Code had allowed the taking of interest, the Church too decided to abandon the old usury doctrine."<br />Jct: I didn't know Napoleon introduced the bane of civilization, I thought he was a pretty bright guy.King of the Paupershttps://www.blogger.com/profile/14374913605730692218noreply@blogger.com