Current:Home > MarketsCan forcing people to save cool inflation? -InfiniteWealth
Can forcing people to save cool inflation?
View
Date:2025-04-13 16:37:59
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! (26)
Related
- As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest
- Wisconsin kayaker who faked his death and fled to Eastern Europe is in custody, online records show
- Man identifying himself as American Travis Timmerman found in Syria after being freed from prison
- Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
- Small twin
- Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
- GM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit
- This drug is the 'breakthrough of the year' — and it could mean the end of the HIV epidemic
- Meet the volunteers risking their lives to deliver Christmas gifts to children in Haiti
- What is Sora? Account creation paused after high demand of AI video generator
Ranking
- Retirement planning: 3 crucial moves everyone should make before 2025
- As a Major California Oil Producer Eyes Carbon Storage, Thousands of Idle Wells Await Cleanup
- Rebecca Minkoff says Danny Masterson was 'incredibly supportive to me' at start of career
- Trump says Kari Lake will lead Voice of America. He attacked it during his first term
- NFL Week 15 picks straight up and against spread: Bills, Lions put No. 1 seed hopes on line
- Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
- 'Unimaginable situation': South Korea endures fallout from martial law effort
- Small plane crashes onto New York highway, killing 1 person and injuring another
Recommendation
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
How to watch the Geminid meteor shower this weekend
Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
Stock market today: Asian shares retreat, tracking Wall St decline as price data disappoints
2025 'Doomsday Clock': This is how close we are to self
Apple, Android users on notice from FBI, CISA about texts amid 'massive espionage campaign'
Federal appeals court takes step closer to banning TikTok in US: Here's what to know
Biden administration makes final diplomatic push for stability across a turbulent Mideast