Usury

Usury is a term that is now near-universally misunderstood, perhaps by design, because usury is a very popular practice, and many important people benefit from it. The most common definition you will see for it is “charging excessive interest,” probably from American legal issues and legislation that don’t deal with usury at all. Usury’s actual definition is “charging interest on a mutuum loan.” The word usury comes from charging interest on the use of money rather than the use of an asset. Mutuum is not a very common word. A “mutuum” means a loan of fungible things to be replaced…

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