Current:Home > NewsCan forcing people to save cool inflation? -Wealth Pursuit Network
Can forcing people to save cool inflation?
View
Date:2025-04-14 01:43:03
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! (7)
Related
- Jamie Foxx reps say actor was hit in face by a glass at birthday dinner, needed stitches
- Messi returns to Inter Miami training. Will he play against DC United? What the coach says
- Toronto Maple Leafs hire Craig Berube as head coach
- 2024 PGA Championship: When it is, how to watch, tee times for golf's second major of year
- Juan Soto praise of Mets' future a tough sight for Yankees, but World Series goal remains
- Dabney Coleman, actor who specialized in curmudgeons, dies at 92
- Pennsylvania school district’s decision to cut song from student concert raises concerns
- San Francisco Giants outfielder Jung Hoo Lee to have season-ending shoulder surgery
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- Three men charged in drive-by shooting that led to lockdown in Maine
Ranking
- What do we know about the mysterious drones reported flying over New Jersey?
- Stockholm secret songs: Taylor Swift to perform three acoustic sets for Eras Tour
- Witness at Sen. Bob Menendez’s bribery trial says meat-export monopoly made costs soar
- Sen. Bob Menendez's corruption trial continues with more FBI testimony about search of home
- A South Texas lawmaker’s 15
- Texas governor pardons Daniel Perry, convicted of shooting and killing protester in 2020
- A man killed by Phoenix police in a shootout was a suspect in a fatal shooting hours earlier
- Is Xandra Pohl Dating Kansas City Chiefs' Louis Rees-Zamm? She Says…
Recommendation
Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
COVID likely growing in D.C. and 12 states, CDC estimates
3 dead, 3 wounded in early morning shooting in Ohio’s capital
Nancy Pelosi asks for very long sentence for David DePape, who attacked husband Paul Pelosi with hammer
NFL Week 15 picks straight up and against spread: Bills, Lions put No. 1 seed hopes on line
A brief history of Knicks' Game 7s at Madison Square Garden as they take on Pacers Sunday
3 dead, 3 wounded in early morning shooting in Ohio’s capital
Georgia’s prime minister joins tens of thousands in a march to promote ‘family purity’