Current:Home > reviewsCan forcing people to save cool inflation? -PrimeWealth Guides
Can forcing people to save cool inflation?
View
Date:2025-04-17 22:52:04
During World War II, the famous macroeconomist John Maynard Keynes wrote about an idea to help tame inflation: compulsory savings. The idea was to stash away a share of workers' paychecks into a government-issued savings account that could only be used after the war. This would help control inflation by reducing spending.
The original proposal didn't go very far, but with inflation still running hot, one economist thinks it's time to bring that idea back.
Music by Drop Electric. Find us: Twitter / Facebook / Newsletter.
Subscribe to our show on Apple Podcasts, Spotify, Pocket Casts and NPR One.
For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.
veryGood! (5894)
Related
- Current, future North Carolina governor’s challenge of power
- A law that launched 2,500 sex abuse suits is expiring. It’s left a trail of claims vs. celebs, jails
- CBS to host Golden Globes in 2024
- Michigan makes college football history in win over Maryland
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- Cricket-mad India readies for World Cup final against Australia in 132,000-seat venue
- Charissa Thompson missed the mark, chose wrong time to clean up her spectacular mess
- NCAA president offers up solution to sign-stealing in wake of Michigan football scandal
- Sam Taylor
- Author A.S. Byatt, who wrote the best-seller 'Possession,' dies at 87
Ranking
- 2025 'Doomsday Clock': This is how close we are to self
- Man fatally shot while hunting in western New York state
- Tiger Woods commits to playing in 2023 Hero World Challenge
- The Final Drive: A look at the closing weeks of Pac-12 football
- Senate begins final push to expand Social Security benefits for millions of people
- No turkey needed: How to make a vegetarian Thanksgiving spread, including the main dish
- Staggering rise in global measles outbreaks in 2022, CDC and WHO report
- $1.35 billion Mega Millions winner sues mother of his child for disclosing jackpot win
Recommendation
Sonya Massey's father decries possible release of former deputy charged with her death
American arrested in Venezuela just days after Biden administration eases oil sanctions
$1.35 billion Mega Millions winner sues mother of his child for disclosing jackpot win
How to Work Smarter, Not Harder for Your Body, According to Jennifer Aniston's Trainer Dani Coleman
At site of suspected mass killings, Syrians recall horrors, hope for answers
Honda recalls nearly 250,000 vehicles including Odyssey, Pilot, Acura models. See a list.
Oregon’s first-in-the-nation drug decriminalization law faces growing pushback amid fentanyl crisis
More cases of applesauce lead poisoning announced by Oregon Public Health, FDA