Episode 59

The Economy Doesn't Need a Babysitter

Dr. Paul Krugman, world renowned winner of the Nobel Laureate in economics, often appeals to babysitting when trying to explain things in his post-Keynesian way. He seems obsessed with the story of the Capitol Hill Babysitting cooperative because he thinks it proves that printing more money is the cure for recessions.

When we look at his own favorite story, we see that it clearly proves the opposite. An economy prospers and can end depressions faster when people are freer, and the "economists" keep their grubby mitts off everything.

Some Bible passages are helpful to understand how Krugman goes off the rails.

Scriptures referenced:

Leviticus 25:14

2 Kings 7:1-2

Proverbs 6:6-8

Podcast Promotion:

The Rapp Report with Andrew Rappaport

Other Promotions:

Theology Throw Down with Andrew Rappaport

Apologetics Live with Andrew Rappaport & Matt Slick

Referenced appearances of Daniel Mynyk:

Andrew Rappaport, The Rapp Report, "Economics During Uncertain Times" (April 19, 2020)

Andrew Rappaport, Apologetics Live, "Understanding and Debating Jehovah's Witnesses" [YouTube video] (May 1, 2020)


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About the Podcast

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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.