Banking Quote by John Adams
“Historically, usury was defined as any interest whatever on an unproductive loan.Our whole banking system I have ever abhorred, I continue to abhor, and I shall die abhorring.”
About This Quote
The speaker condemns the practice of charging interest on loans that do not generate productive economic activity, viewing it as a moral failing of the banking system.
In simple terms: Critique of interest on non-productive loans
Key Takeaway
Banking ethics are compromised by usury
Themes
ethics
economics
history
finance
morality
Mood
indignant
skeptical
critical
Type
political
philosophical
When to use this quote
- financial regulation debates
- historical analysis of banking
- public policy discussions
- economic education
Key Concepts
usury
banking system
interest rates
productivity
Practical Applications
- policy reform proposals
- financial literacy curricula
Questions to Reflect On
- How does usury affect economic inequality?
- Can modern banking be reformed without interest?
![“I will insist the Hebrews have [contributed] more to civilize men than any other nation. If I was an atheist and believed in blind eternal fate, I should still believe that fate had ordained the Jews to be the most essential instrument for civilizing the nations. They are the most glorious nation…” quote by John Adams](https://sms4smile.com/quotes/img-quotes/e34/john-adams-529_affair_i-will-insist-the-hebrews-have-contribut_104004.jpg)
