Question

What is usury? Why were Aristotle and the medieval scholastics against usury?

Answer 1

Usury is indeed nothing but the practice of lending out funds or money at high interest rates without any justification. Aristotle felt that usury is the most hated sort of getting wealth and this is an unfair way as there's nothing hard work involved but just it's a form of looting where one philosopher quoted that "You cannot charge for a piece of cake and eating it" which is worst and the philosopher's even argued that usury is against God and those who practice this form of getting wealth will ultimately be punished all in all. Therefore, usury must be avoided on the whole..