Current:Home > FinanceCan forcing people to save cool inflation? -Edge Finance Strategies
Can forcing people to save cool inflation?
View
Date:2025-04-18 00:55:31
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! (852)
Related
- Krispy Kreme offers a free dozen Grinch green doughnuts: When to get the deal
- Jury selection begins for 1st trial in Georgia election interference case
- Kim Kardashian’s SKIMS Drops New Shapewear Collection That Looks Just Like Clothes
- Brazil’s Lula vetoes core part of legislation threatening Indigenous rights
- Senate begins final push to expand Social Security benefits for millions of people
- Billie Eilish Addresses Her Relationship Status Amid Dating Speculation
- What Joran van der Sloot's confession reveals about Natalee Holloway's death
- Reward offered after body of man missing for 9 years found in freezer of wine bar
- North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
- Gaza has long been a powder keg. Here’s a look at the history of the embattled region
Ranking
- Pregnant Kylie Kelce Shares Hilarious Question Her Daughter Asked Jason Kelce Amid Rising Fame
- Biden says Hamas attacked Israel in part to stop a historic agreement with Saudi Arabia
- Fired at 50, she felt like she'd lost everything. Then came the grief.
- Greek economy wins new vote of confidence with credit rating upgrade and hopes for investment boost
- Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback
- Basketball Wives' Evelyn Lozada and Fiancé LaVon Lewis Break Up
- Inside the meeting of Republican electors who sought to thwart Biden’s election win in Georgia
- Police on the hunt for man after Maryland judge killed in his driveway
Recommendation
Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
Hilton hotel in Texas cancels Palestinian rights group's conference, citing safety concerns
Maui County police find additional remains, raising Lahaina wildfire death toll to 99
You're not imagining it —'nudity creep' in streaming TV reveals more of its stars
Former Syrian official arrested in California who oversaw prison charged with torture
Britney Spears says she had an abortion while dating Justin Timberlake: He definitely wasn't happy about the pregnancy
Costco hotdogs, rotisserie chicken, self-checkout: What changed under exiting CEO Jelinek
No gun, no car, no living witnesses against man charged in Tupac Shakur killing, defense lawyer says