“Do you still ask? Is your Manchester liberalism unaware of the existence of a school of economic thought which means the triumph of man over economics, and whose principles and aims precisely coincide with those of the kingdom of God? The Fathers of the Church called ‘mine’ and ‘thine’ pernicious words, and private property usurpation and robbery. They repudiated the idea of personal possessions, because, according to divine and natural law, the earth is common to all men, and brings forth her fruits for the common good. They taught that avarice, a consequence of the Fall, represents the rights of property and is the source of private ownership. They were humane enough, anti-commercial enough, to feel that all commercial activity was a danger to the soul of man and its salvation. They hated money and finance, and called the empire of capital fuel for the fires of hell. The fundamental economic principle that price is regulated by the operation of the law of supply and demand, they have always despised from the bottom of their hearts; and condemned taking advantage of chance as a cynical exploitation of a neighbour’s need. Even more nefarious, in their eyes, was the exploitation of time; the montrousness of receiving a premium for the passage of time⁠—interest, in other words⁠—and misusing to one’s own advantage and another’s disadvantage a universal and God-given dispensation.”