- Jan 14, 2016
- By the Gulag wall.
I am a big Aquinas fan but on this usury issue I do not think he got it right.
If I loan somebody 50 euro or any other sum then I,m deprived of the use of that money until the loan is repaid.
Therefore I am entitled to some compensation should I seek it.
Usury is essentially a form of restitution given by the borrower to the lender in compensation for the lenders temporary loss.
Aquinas iinm is big on restitution so it’s hard to understand how he went so astray on usury.
You could charge a fixed fee for the loan of that money rather than interest. That wouldn't be usury.