Christmas commodities: gold, frankincense and myrrh
Economically Speaking: One wise man, John McDermott, looks at the original Christmas gifts through an economic lens.
John McDermott
Tue, 22 Dec 2020
Hot Topic
Hawke’s Bay
What would it cost you to buy the wise men’s nativity gifts of gold, frankincense and myrrh? You would need deep pockets for gold, but frankincense and myrrh are relatively inexpensive today.
If we asked the cost of buying these commodities each year, we would get very different answers. This
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John McDermott
Tue, 22 Dec 2020
Contact the Writer: john.mcdermott@motu.org.nz
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Christmas commodities: gold, frankincense and myrrh
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