Archbishop William Temple argued in a debate in the Royal Albert Hall in 1942 that justice was more important than comfort, and the "profit motive" should never be allowed to predominate. "There is no harm," he admitted, "in the profit motive as such"; it was to be condemned only when it comes first in economic activity, when it was the priority. Profit should have a purpose beyond itself. "In my judgment at least it should now be regarded as improper for any private person or corporation to issue new credit; as it was in the Middle Ages for any private person or corporation to mint actual money, for the two are equivalent. And so I should like, I confess, to see the banks limited in their lending power to sums equivalent to that which depositors have entrusted to them, and all new credit to be issued by some public authority."