November 22, 2011

Mid-Course Correction


As erudite, germane, and interesting as Professor McCall’s paper[1] is, to give it the kind of attention we were beginning to give it—almost the degree of scrutiny we've been giving TCATL, where it is cited in a reference note—was becoming intolerable even for our sense of humor. Worse, we digressed unduly from, even obstructing a clear path to, our primary object of criticism, which includes Mr. Ferrara’s representation of the traditional objection to "usury." It bordered on dawdling, so we will therefore cease and desist and resume our march through his historical sketches after Thanksgiving, exerting ourselves to arrive at Part II (i.e., Chapter 3) by New Year’s.
[1] Brian M. McCall, “Unprofitable Lending: Modern Credit Regulation and the Lost Theory of Usury,” Cardozo Law Review 30.2 (2008): 549-615. If any reader wonders what our opinion is of a particular point of Professor McCall’s, we invite him or her to write us about it at anarchristian AT juno DOT com.