Current:Home > MyCan forcing people to save cool inflation? -Horizon Finance School
Can forcing people to save cool inflation?
View
Date:2025-04-15 12:00:25
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! (6)
Related
- Why members of two of EPA's influential science advisory committees were let go
- Museum to honor Navajo Code Talkers is about $40 million shy of reality
- During Some of the Hottest Months in History, Millions of App Delivery Drivers Are Feeling the Strain
- Public access to 'The Bean' in Chicago will be limited for months due to construction
- Meet first time Grammy nominee Charley Crockett
- NFL's highest-paid WRs: The top 33 wide receiver salaries for 2023 season
- Body of man found floating in Colorado River in western Arizona identified
- The Originals' Danielle Campbell and Colin Woodell Are Engaged
- New Zealand official reverses visa refusal for US conservative influencer Candace Owens
- Texas woman sentenced to 30 years in prison for role in killing of U.S. soldier Vanessa Guillén
Ranking
- Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
- The man accused of locking a woman in a cinder block cell in Oregon has an Oct. 17 trial date
- Explosive materials in New Jersey home caused blast that killed 2 men, 2 children, officials say
- Kate Spade 24-Hour Flash Deal: Get This $240 Crossbody Bag for Just $72
- Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
- Maui's wildfires are among the deadliest on record in the U.S. Here are some others
- Orange Is the New Black's Taryn Manning Admits to Affair With Married Man
- Maui wildfires death toll rises to 99 as crews continue search for missing victims
Recommendation
The Louvre will be renovated and the 'Mona Lisa' will have her own room
States that protect transgender health care now try to absorb demand
Death toll rises to 10 in powerful explosion near capital of Dominican Republic; 11 others missing
Breaking up big business is hard to do
The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
Racketeering allegation among charges against Trump in Georgia. Follow live updates
Get $140 Worth of Tarte Cosmetics Products for Just $25
Dark circles under the eyes are common. Here's how to get rid of them.