, 7 tweets, 3 min read Read on Twitter
“One of the misconceptions is that in the medieval period—and this is a narrative I do not agree with—it was a Church dominated society, it was an agrarian society and the economy was static." [Thread 1/7]

#MMT

buzzsprout.com/172776/958486-…
"In the twelfth and thirteen century, we see what medievalists would refer to as a commercial revolution ... and the Church is put in a position in which they can no longer hold the line against usury, but they have to give in to the market." [2/7]

buzzsprout.com/172776/958486-…
"So, we have a model where market and religion are in conflict, ... religion has to give way to the progressive of market society. And in fact, what is happening is really different." [3/7]

buzzsprout.com/172776/958486-…
"There isn’t a prohibition on usury except for clergy until we hit this high medieval commercial revolution." [4/7]

buzzsprout.com/172776/958486-…
"And it is the very same Franciscan, Dominican Christian thinkers who hold up poverty life as the ideal Christian life who are thinking out what is permissible economically and what is not permissible." [5/7]

buzzsprout.com/172776/958486-…
"They are the ones who really flesh out and create a concept of usury at the very same time as they are creating all kinds of ways to loan and make a profit off that loan." [6/7]

buzzsprout.com/172776/958486-…
"So, usury is just a label that marks someone as undesirable ... and it’s no surprise that the Jewish outsider is not one of the faithful.” [7/7]

buzzsprout.com/172776/958486-…
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