Why Did Alexandria Ocasio-Cortez Say the Bible Denounces High Interest Rates? Is She Correct?

U.S. Representative Alexandria Ocasio-Cortez has frequently referenced the Bible in her discussions, asserting that it condemns the practice of charging high interest rates. But is this accurate? Let’s delve into the biblical texts to find out.

Understanding the Term 'Brother'

One of the most misunderstood aspects of these Scriptures is the term 'brother.' In biblical context, it may not necessarily refer to a literal biological sibling. Rather, it can broadly encompass

Your biological brothers and sisters Any member of your extended family Those with whom you share a spiritual connection Members of your local community or religious congregation Those who have a common faith, regardless of familial or national ties

However, it does not extend to:

Those who are not part of your kinship group Enemies or those in opposition to your beliefs or values

Exodus 22:25 and Leviticus 25:35-37

The Bible is quite specific on the matter when it comes to lending. Let's look at two key verses:

Exodus 22:25 (ESV)

“If you lend money to any of My people who are poor among you, you shall not be like a moneylender to him, and you shall not exact interest from him.”

This verse clearly states that interest should not be charged to fellow believers, even if they are from a different family or community.

Leviticus 25:35-37 (ESV)

“If your brother becomes poor and sells some of his property, his nearest relative shall come and redeem what his brother has sold. If a man has no nearest relative to redeem it for him, but he becomes prosperous and finds sufficient means to redeem it himself, let him calculate the years since he sold it and repay the balance to the man to whom he sold it, and he shall restore his property to himself. If he is unable to do this, the one who bought it shall acquire it until the Year of Jubilee, and in the Year of Jubilee, it shall be released and he shall return to his property.”

This passage emphasizes that lending should be done with the intention of helping those within the community, not for financial gain.

A Clear Common Logical Thread

There is a consistent theme throughout these passages, which can be expressed as:

“Do not charge interest to those who are part of your community or who share your faith. Instead, support and help them.”

Even the youngest children could understand this, as it reflects a core principle of compassion and community care.

The Prayers of the Wicked

Additionally, it is crucial to remember that in the Bible, the prayers of the wicked are an abomination:

“Even the prayers of the wicked are an abomination to the Lord.” - Proverbs 15:8 (NIV)

This reinforces the importance of adhering to ethical and moral principles in all interactions, not just in financial matters.

So, while Alexandria Ocasio-Cortez’s intentions may be noble, her interpretation of the Scriptures related to lending and interest rates may be slightly misinformed. The Bible focuses on the concept of mutual support and care within the community, rather than a ban on lending or charging interest altogether.

Understanding these biblical principles is essential for a holistic interpretation of scripture, ensuring that they are applied rightly in our modern world.