[Advaita-l] Interest Collection is Wrong according to Dharma?
vmurthy36 at gmail.com
Fri Jul 5 11:04:22 CDT 2013
How inflation happens is understood. There will be four causes. Market
Power like the greedy Middle East oil countries. Demand rising. Suddenly if
people want to buy more and more gold the gold price will increase. Asset
Market Boom. Speculators can make the commodity futures prices to increase.
The commodity prices will also increase. Sudden Supply cut. If oil refinery
is damaged by Natural disaster it will make oil prices to increase.
In Manu's time there was no sudden demand and sudden supply cut. People
were Dharmic and doing Yajnas and pleasing Gods. They were not greedy to
earn more and more wealth. They had good supply of food grains. There was
no Monopoly business like oil producing countries. There was no commodity
future trading and stock markets. In Manu's period the Inflation was ZERO.
He has not said anything on Inflation because it was zero.
I heard USA also has lot of oil resources but they are waiting till the
Middle East oil is over. Then they will sell Oil for huge profit.
On Fri, Jul 5, 2013 at 8:48 AM, Ranga Rathnam <sranga1955 at hotmail.com>wrote:
> I presume this means 5% interest. Is this real rate of interest
> or something else?
> What is Manu Smriti's position on inflation? :-)
> > Date: Thu, 4 Jul 2013 21:56:50 +0530
> > From: vmurthy36 at gmail.com
> > To: advaita-l at lists.advaita-vedanta.org
> > Subject: Re: [Advaita-l] Interest Collection is Wrong according to
> > Namaste Sri Sriram
> > In Chapter 10 Manu Smruti -
> > 117. Neither a Brahmana, nor a Kshatriya must lend (money at) interest;
> > but at his pleasure (either of them) may, in times of distress when he
> > requires money) for sacred purposes, lend to a very sinful man at a small
> > interest.
> > The Brahmin must not give loans with interest to anyone except a very
> > sinful man. But who is following this rule now. They are charging heavy
> > interest for every person. The Brahmin must not have desire for earning
> > huge wealth.
> > In Chapter 8 -
> > 151. In money transactions interest paid at one time (not by instalments)
> > shall never exceed the double (of the principal); on grain, fruit, wool
> > hair, (and) beasts of burden it must not be more than five times (the
> > original amount).
> > 152. Stipulated interest beyond the legal rate, being against (the
> > cannot be recovered; they call that a usurious way (of lending); (the
> > lender) is (in no case) entitled to (more than) five in the hundred.
> > They are not following this also today.
> > On Thu, Jul 4, 2013 at 11:09 AM, Venkata sriram P
> > <venkatasriramp at yahoo.in>wrote:
> > > Namaste,
> > >
> > > Pls refer 155th sloka of 8th chapter and 117th sloka of 10th chapter
> > > manu smriti.
> > >
> > > regs,
> > > sriram
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