Current:Home > ScamsCan forcing people to save cool inflation? -OceanicInvest
Can forcing people to save cool inflation?
View
Date:2025-04-15 14:39:33
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! (896)
Related
- Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
- 'I know all of the ways that things could go wrong.' Pregnancy loss in post-Dobbs America
- 49ers LB Dre Greenlaw, Eagles head of security Dom DiSandro exchange apology
- Climate talks shift into high gear. Now words and definitions matter at COP28
- Travis Hunter, the 2
- A record number of fossil fuel representatives are at this year's COP28 climate talks
- What restaurants are open on Christmas Eve 2023? Details on Starbucks, Chick-fil-A, more
- Not just the Supreme Court: Ethics troubles plague state high courts, too
- Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
- What to know about Hanukkah and how it’s celebrated around the world
Ranking
- Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
- Like Goldfish? How about chips? Soon you can have both with Goldfish Crisps.
- United Nations bemoans struggles to fund peacekeeping as nations demand withdrawal of missions
- New York Jets to start Zach Wilson vs. Texans 2 weeks after he was demoted to third string
- See you latte: Starbucks plans to cut 30% of its menu
- Putin continues his blitz round of Mideast diplomacy by hosting the Iranian president
- Arizona man connected to 2022 Australian terrorist attack indicted on threat counts
- McDonald's plans to add about 10,000 new stores worldwide by 2027; increase use of AI
Recommendation
Juan Soto praise of Mets' future a tough sight for Yankees, but World Series goal remains
Not just the Supreme Court: Ethics troubles plague state high courts, too
Senators probe private equity hospital deals following CBS News investigation
Robert Pattinson and Suki Waterhouse Make First Public Appearance Together Since Pregnancy Reveal
Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
Mississippi’s top lawmakers skip initial budget proposals because of disagreement with governor
Former Jacksonville Jaguars employee charged with stealing $22 million from team
Arizona man connected to 2022 Australian terrorist attack indicted on threat counts