Aristotle: It’s Money Reproduced

Posted by admin on Wednesday, February 2, 2022

Aristotle Money Quote saying that money is intended for exchanging, not earning interest, which is not natural. Aristotle said:
 
Money for exchange, interest causes it to be reproduced by itself. This way of earning money is in conflict Quote
 

“Money was established for exchange, but interest causes it to be reproduced by itself. Therefore this way of earning money is greatly in conflict with the natural law” — Aristotle

 

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In this quote, Aristotle is criticizing the practice of charging interest on loans of money. He argues that money was originally established or created solely as a means of facilitating the exchange of goods and services.

However, charging interest causes money to essentially reproduce or multiply itself simply through the passage of time, without any additional labor or production involved.

To Aristotle, this went against natural law or how things should naturally work based on their inherent purpose. He saw earning money through interest as going beyond the proper and intended function of money as a medium of exchange.

Aristotle appears to believe that profiting purely from interest payments, without contributing additional value or work, constituted a conflict with the natural and moral order as he understood it.

Birthday: January 6, 384 BC – Death: March 7, 322 BC

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