Was there an economic reason for Protestants' iconoclasm?

Europe underwent major economic upheavals during the creation of Protestantism (cf. E. Michael Jones, *Barren Metal* or *Goy Guide to World History* ). Is this one reason why Protestants upheld iconoclasm ? Was it a sense of necessity or utilitarianism (that having a minimally decorated church is better than having no church at all) that inspired or justified their iconoclasm ? In other words: Was there an economic reason for Protestants' iconoclasm ?