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The Morality of Moneylending: A Short History

Presents an essentialized history of usury, showing that, just as moneylenders are being damned and blamed for today’s “sub-prime mortgage crisis,” so they have been condemned and castigated for alleged wrongdoing from the beginning of Western civilization. Brook zeros in on the economic and moral premises that give rise to contempt for this profession; he identifies the moral-practical dichotomy inherent in these ideas; and he discusses a unified set of principles that must be understood and embraced if moneylending is to be seen as the noble business that it actually is.

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About the Author

Yaron Brook is president and executive director of the Ayn Rand Institute. He lectures on Objectivism, business ethics, and foreign policy at colleges, community groups, and corporations across America. His numerous media appearances include interviews on CNN, Fox News Channel, CNBC, and PBS.