Episode 45

Interest: God's Money At the Right Time

Interest on savings accounts and loans seems like a simple concept. Yet, the powers-that-be can simply fiddle with certain interest rate numbers and bring whole countries to their knees!

Understanding interest rates can be vital both to our individual financial health as well as a large economy.

Let's answer some questions:

  1. What is interest?
  2. What should normally determine the rate of interest?
  3. Is it actually immoral to charge interest?
  4. Should a banking monopoly or government be in charge of setting interest rates?


Sources Cited:

Shawn Ritenour, Foundations of Economics: The Christian View (Eugene, Oreg.: Wipf & Stock, 2009) Kindle edition, 192-193.

D. T. Armentano, "The Economics of Price Fixing," Foundation for Economic Education, accessed April 20, 2020, https://fee.org/articles/the-economics-of-price-fixing.


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About your host

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Daniel Mynyk

Daniel Mynyk is a software developer with experience in the education, real estate, and manufacturing industries. He is a devout Christian and an affluent lay apologist, having taught adult Sunday School classes in theology and church history. Daniel has authored the book "Freedom To Give: The Biblical Truth About Tithing." He has also been a guest on the syndicated radio show Bob Enyart Live and popular podcasts such as Apologetics Live, Theology Throw Down, and The Rap Report with Andrew Rappaport. He runs the apologetic website TruthHub.org and hosts the weekly podcast Truthspresso. Daniel lives with his wife Chelsea their four kids.