Monday, 4 January 2016

That Usury is Not charged against a Poor Person does not excuse it

 Hath given forth upon usury, and hath taken increase: shall he then live? he shall not live: he hath done all these abominations; he shall surely die; his blood shall be upon him (Ezekiel 18:13).

Many in the modern western Church, including conservative orthodox evangelical theologians think that the Bible permits usury when not charged against a poor person. They think that the Bible does not prohibit usury between business persons.

This, however, is a faulty understanding of the Biblical prohibition against usury.  Simply because the Bible is explicit about not charging usury against the poor (Exodus 22:25) does not mean that the Bible permits usury being charged against one who is not poor. 

Usury is that which encourages a person to stay in debt, ensnaring him to serve debt. It is a sin to borrow and not repay (Psalm 37:21). Usury encourages a person to borrow and not repay by ensnaring him to debt. It is a sin under the New Covenant as much as it was a sin under the Old Covenant. 

Usury is theft, which using debts owed to one as an excuse to charge a debtor interest. Usury is a sin, whether against a poor person, or by a business man against another. It is the ensnaring of another to debt, which must be repaid in the moral sense.