Elise Ann Allen Nov 19, 2020 - SENIOR CORRESPONDENT
A man in Orick, Calif, walks along the Redwood Highway by the Pacific Ocean Sept. 9, 2020, as smoke from wildfires fills the air. (Credit: Carlos Barria/Reuters via CNS.)
ROME – Historians say that Franciscan lending institutions in the 14th century, the montes pietatis, were a predecessor to modern banking and formed the foundation for today’s economy. Today, a pope named Francis is once again invoking the spirit of the Saint of Assisi, this time in an effort to reform the post-modern economy from the bottom up.
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