The Book of Leviticus states, You shall do no injustice in judgment, in measurement of length, weight,

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The Book of Leviticus states, "You shall do no injustice in judgment, in measurement of length, weight, or volume. You shall have just balances, just weights, a just ephah, a just hin. I am the Lord your God, who brought you out of the land of Egypt." When the Israelites began using shekels for money, a just weight meant that the silver coin had a particular weight and therefore an intrinsic value.

a. If U.S. currency is not backed by gold, how do we know the dollar is a "just weight"?

b. How is inflation an injustice in measurement?

c. Who bears the injustice of inflation? (Religious)

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Macroeconomics

ISBN: 405051

7th Edition

Authors: David Colander

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