09 May 2023
The Run on Pharaohs Bank by Lance Wallnau
Detail from Joseph Overseer of the Pharoahs Granaries, by Sir Lawrence Alma-Tadema (1874) oil on canvas via Wikimedia Commons

“What has been will be again, what has been done will be done again; there is nothing new under the sun.” Bank runs, it turns out, date back to at least 2,000 BC. Today, we learn how the patriarch Joseph, son of Jacob, prepared himself and his people to use a run on Pharaoh’s bank to become wealthy…