Guide The Undercover Economist Strikes Back: The Babysitting Recession

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The Economics of The Capitol Hill Babysitting Co-op

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  8. Book of the Month. Authors Tim Winton Sarah J. Top Pick. Before long the odd parents, largely congressional staffers, started trying to build up reserves of their currency. They tended to stay at home and hoard it rather than spending it on babysitting services.

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    Their tiny co-operative economy effectively went into recession. The answer, it turned out, was simple: the parents printed extra currency.


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    The money supply started growing and parents started going out to the movies again. Get The International Pack for free for your first 30 days for unlimited Smartphone and Tablet access. Already a member?

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    About Tim Harford.

    The Undercover Economist Strikes Back

    Tim Harford. Tim Harford is a member of the Financial Times editorial board. Other books in the series. The Undercover Economist 6 books. Books by Tim Harford. Trivia About The Undercover Ec