Tag: economics
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Free Trade vs. Free Markets: Will the Real Capitalism Please Stand Up
Many people, especially young people, who critique capitalism have no idea what capitalism is. Capitalism is just freedom in the economic sphere. It’s just freely buying and selling. The only way to set a just price is to find one the buyer and seller agree upon. If someone with power – the state – tells…
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Usury (Again)
Ronald Wallace summarizes John Calvin’s view of usury (charging interest on loans): “For centuries before Calvin’s day, the Church and most other authorities had applied the Biblical condemnation of usury quite directly to commercial practices, and had prohibited loans at interest… Calvin was the first to question the older method of interpreting the Bible on…