I did not at all defend him. I'm not aware that he is posting to this thread either. You are making things up as you go, just like you jumped to accusing me of being a silly fundamentalist Christian and have fantasies of "Jesus riding Dynosaurs" . . .
Much to your shock, I actually have a very nuanced and skeptical view of the entire Exodus story: the founding fathers of the system, Joseph and Moses, seemed to me rather like the Greenspan-Bernanke pair: the former's puts in the market place caused a bubble and the latter had to take the blame when the scheme fell apart.
Granaries existed circa 10,000BC, long before circa 1500BC when the Joseph story began. In order for the Pharoah's granary attract grain, Joseph had to offer a higher price than market clearing price. Since he had huge new government granaries to fill for 7years, what he offered was essentially a "Joseph Put" on grain price. The sustained high grain price must have driven up farm land price, especially on marginal land. After 7yrs, the bubble burst (just like our real estate bubble), and the Pharoah was able to buy up surrounding land and assets at severely distressed prices; people even sold themselves into slavery to the Pharoah. In a little while, Egyptian economy ground to a halt under bureaucratic mismanagement, and "Moses" was kicked out of Egypt. The story about Joseph being able to fill the fellow princes' grain sacks (tax farming quotas) without using up any coin also hinted at the mechanism with which Joseph was able to drive up the bubble: credit money. So while the bubble was being inflated, the Pharoah got the grain and still kept the specie money.
The Bible was actually an earthly human story when you translate "Lord" as the human leader with controlling power over the subjects' life and death (usually the Pharoah, or his regent mother with real power).
Market Data 
Markets 
