# “Lending is Meritorious and Should be Praised”: How The Fifth Lateran Council Unlocked Financial Theory

**URL:** <https://forum.plaintextaccounting.org/t/lending-is-meritorious-and-should-be-praised-how-the-fifth-lateran-council-unlocked-financial-theory/819>\
**Category:** News\
**Created:** [June 25, 2026, 4:47am UTC](https://forum.plaintextaccounting.org/t/lending-is-meritorious-and-should-be-praised-how-the-fifth-lateran-council-unlocked-financial-theory/819 "2026-06-25T04:47:26Z")\
**Posts on this page:** 2\
**Page:** 1

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**Author:** ![simonmic](https://yyz1.discourse-cdn.com/flex003/user_avatar/forum.plaintextaccounting.org/simonmic/32/1_2.png) [@simonmic](https://forum.plaintextaccounting.org/u/simonmic)\
**Post date:** [June 25, 2026, 4:47am UTC](https://forum.plaintextaccounting.org/t/lending-is-meritorious-and-should-be-praised-how-the-fifth-lateran-council-unlocked-financial-theory/819/1 "2026-06-25T04:47:26Z")

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> **[“Lending is Meritorious and Should be Praised”: How The Fifth Lateran Council...](https://sebastiangarren.com/2026/06/17/lending-is-meritorious-and-should-be-praised-how-the-fifth-lateran-council-unlocked-financial-theory/)**
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> Advances in medieval economic theory had greater real-world consequences than many know. Among economists, Joseph Schumpeter’s economic history mostly starts economic theory with the Salamanc…

Discussion: [https://news.ycombinator.com/item?id=48611940](https://news.ycombinator.com/item?id=48611940)

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**Author:** ![hledgerfan](https://avatars.discourse-cdn.com/v4/letter/h/8491ac/32.png) [@hledgerfan](https://forum.plaintextaccounting.org/u/hledgerfan)\
**Post date:** [June 26, 2026, 2:38pm UTC](https://forum.plaintextaccounting.org/t/lending-is-meritorious-and-should-be-praised-how-the-fifth-lateran-council-unlocked-financial-theory/819/2 "2026-06-26T14:38:56Z")

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Thanks for sharing! Lots of ideas for me that I hadn't explored, but were worth thinking about.

Also, I liked the line about the Pope who "plunged the Papal States into debt of Biblical proportions."

Rob