Current:Home > MarketsCan forcing people to save cool inflation? -MoneyBase
Can forcing people to save cool inflation?
View
Date:2025-04-20 19:41:55
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! (952)
Related
- Meta releases AI model to enhance Metaverse experience
- Horoscopes Today, July 5, 2024
- Golden State Warriors land guard Buddy Hield from 76ers after Klay Thompson's exit
- New panel charged with helping Massachusetts meet its renewable energy goals
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- What's open and closed on July 4th? Details on stores, restaurants, Walmart, Costco, Target, more
- Saks Fifth Avenue owner buying Neiman Marcus for $2.65 billion
- Comedian Tony Knight Dead at 54 After Freak Accident With Falling Tree Branches
- Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
- Dehydrated coyote pup dies after it was rescued by California firefighters
Ranking
- Bill Belichick's salary at North Carolina: School releases football coach's contract details
- Residents of small Missouri town angered over hot-car death of police dog
- Spain advances to Euro 2024 semifinals with extra time win over Germany
- Cast of original 'Beverly Hills Cop' movie is back for 'Axel F': Where were they?
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Transgender, nonbinary 1,500 runner Nikki Hiltz shines on and off track, earns spot at Paris Games
- Attack kills 2 and injures 3 others in California beach city, police say
- Kansas’ top court rejects 2 anti-abortion laws, bolstering a state right to abortion access
Recommendation
Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
Disappointed Vanessa Hudgens Slams Paparazzi Over Photos of Her With Newborn Baby
Taylor Swift and Travis Kelce Bring Their Love Story to Her Amsterdam Eras Tour Show
Delaware judge refuses to dismiss lawsuit in battle over estate of the late pop icon Prince
South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment
US jobs report for June is likely to point to slower but still-solid hiring
Hatch recalls nearly 1 million AC adapters used in baby product because of shock hazard
1 dead, 3 injured after severe thunderstorm tears through state park in Kansas