(NYT Letter from Europe) Justin Welby and A Cash Lure Cast From the Temple

As the scriptures tell it, Jesus expelled the money changers from the temple to cleanse it of a “den of thieves.” With some discernible echoes, the newly appointed archbishop of Canterbury has initiated a comparable crusade against newer financiers charging enormous interest on what are called payday loans.

Unlike the biblical showdown, though, the outcome of this newest confrontation seems freighted with moral ambiguity, risk and potential ridicule.

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Posted in * Anglican - Episcopal, * Culture-Watch, * Economics, Politics, --Justin Welby, Anglican Provinces, Archbishop of Canterbury, Church of England (CoE), Economy, Ethics / Moral Theology, Personal Finance, Religion & Culture, The Banking System/Sector, Theology