You will also be interested in a book by Jerry Bower - the Maker and the Takers. The restrictions on interest in the Old and New Testaments were on lending money to the poor. They were not restrictions on normal business practice. Jesus illustrates the difference when he rebukes the wicked servant who had received a talent then buried it. A talent would have been roughly $20,000. The wicked servant buried that! Jesus says the owner asked him why he did not give it to the bankers so he would earn interest on the money.
Just found this article due to Rudy Havenstein (the fintwit one) who mentioned it in the "know your risk" podcast recently. Wonderful article, will share it widely.
Oh, good to hear. I'm a very part-time writer so I have no idea where the particular interest in this article originates. I have a review coming soon of The Missing Billionaires which might be interesting to the same audience.
Love this article.
You will also be interested in a book by Jerry Bower - the Maker and the Takers. The restrictions on interest in the Old and New Testaments were on lending money to the poor. They were not restrictions on normal business practice. Jesus illustrates the difference when he rebukes the wicked servant who had received a talent then buried it. A talent would have been roughly $20,000. The wicked servant buried that! Jesus says the owner asked him why he did not give it to the bankers so he would earn interest on the money.
Just found this article due to Rudy Havenstein (the fintwit one) who mentioned it in the "know your risk" podcast recently. Wonderful article, will share it widely.
Oh, good to hear. I'm a very part-time writer so I have no idea where the particular interest in this article originates. I have a review coming soon of The Missing Billionaires which might be interesting to the same audience.