Is interest a sin?
August 11, 2008 | alternatives, industry, media coverage | Comments (0)Very thoughtful piece in the Christian Science Monitor:
After the Protestant Reformation, wealth spread rapidly, making lending for profit more mainstream. Meanwhile, philosophers such as Adam Smith began to liberalize the rules on interest and profit. The idea of investing for profit was a liberal one resulting from a long moral battle. Without that victory, the Industrial Revolution – and the social and political reforms it brought – may never have happened in the West.
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