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Analysis
4 mins to read

Christmas commodities: gold, frankincense and myrrh

Economically Speaking: One wise man, John McDermott, looks at the original Christmas gifts through an economic lens.

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
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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Christmas commodities: gold, frankincense and myrrh
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