Seigniorage. A word with a long past and an even more sinister present. It originates from the Old French seigneuriage, the ‘right of the lord (seigneur) to mint money’. The seigneurial system was a semi-feudal system of land ownership that originated in France in the 1600’s. Allotted by the king, […]
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Chpt 35: Full Refund
Usury, never heard of it. Perhaps you’ve heard of Riba, or Neshekh? No? They mean roughly the same. The concept is simple, although interpretation and circumstance vary. Usury refers to the charging of excessive interest on loans. Something that used to be considered exploitative and immoral. Within each of the […]