MORALITY OF INTEREST.
I am quite opposed to the theory that it is wicked to take interest on money lent. I fail to see any moral difference between payment to the owner of money for the use of it by the user and payment to the owner of a house or a farm or a horse or a car &>r use of any of them by another party. If interest is wrong, so is rent and hire. Money lent is just property lent. But nowadays there seems to be a dead set against the thrift by means of which a man generally secures money which he can lend. The hero of to-day seems to be the spendthrift who "blows in" his money as fast as he earns it, and in his declining years lives on the charity of the State. I would like "Plain Bill" to tell us the economic condition of those countries where, owing to insecurity or other causes, there was no lending of money on interest, and to ask him if he wishes the modern world to revert to those conditions. Surely he does not want us to sink back to the squalor and insecurity of "the Dark Ages? PLAIN MAC.
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https://paperspast.natlib.govt.nz/newspapers/AS19340201.2.43.4
Bibliographic details
Auckland Star, Volume LXV, Issue 27, 1 February 1934, Page 6
Word Count
204MORALITY OF INTEREST. Auckland Star, Volume LXV, Issue 27, 1 February 1934, Page 6
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