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But a house is not consumed during its ordinary use. The point of the Aristotelians is that money is more like a bottle of wine: You can't simultaneously charge
by boredhedgehog 3y ago
But a house is not consumed during its ordinary use. The point of the Aristotelians is that money is more like a bottle of wine: You can't simultaneously charge for its use and expect to get it back, because whenever you use it, it's used up (hence, "usury").
- nly 3y agoIn modern society money isn't "used up". Quite the opposite. The act of lending money actually creates more money since every $1 minted lives on the balance sheets of banks many times over.
- HPsquared 3y agoModern money is debt. Every dollar is borrowed, pretty much. Money is created by borrowing, and destroyed by paying back the loan.
- bluGill 3y agoA house is absolutely consumed in ordinary use. It is just a slow process. Paint fades over time, the roof needs repairs. It is generally seen as worthwhile to keep a house in good repair (except in Japan where they sometimes rebuild new every 20 years - I'm not sure how this works but it might be insightful to look at this exception). I've seen houses that have been abandoned (generally a farm that sold out to a larger farm and so the house isn't needed) - in just a few years the house is clearly falling apart just because of a few little maintenance issues not being taken care of. A car need to be consumed in ordinary use. There are people still driving the car they bought new in 1968 (or whatever year), and the car looks and drives like it is less than a year old. However the amount of labor required to keep a car at this level isn't generally seen as worth it and so the average car is about 12 years old and obviously not like new at that age.