Current:Home > NewsCan forcing people to save cool inflation? -Infinite Edge Learning
Can forcing people to save cool inflation?
View
Date:2025-04-11 14:37:57
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! (36)
Related
- Mets have visions of grandeur, and a dynasty, with Juan Soto as major catalyst
- Amanda Bynes Shares Why She Underwent Eyelid Surgery
- These 22 UGG Styles Are on Sale for Less Than $100 and They Make Great Holiday Gifts
- Packed hospitals, treacherous roads, harried parents: Newborns in Gaza face steeper odds of survival
- Stamford Road collision sends motorcyclist flying; driver arrested
- Canadian police charge man accused of selling deadly substance with 14 new murder charges
- 'Florida Joker' says Grand Theft Auto 6 character is inspired by him: 'GTA, we gotta talk'
- Bernie Sanders: Israel is losing the war in public opinion
- Rolling Loud 2024: Lineup, how to stream the world's largest hip hop music festival
- FedEx issues safety warning to delivery drivers after rash of truck robberies, carjackings
Ranking
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- Titans vs. Dolphins Monday Night Football highlights: Tennessee rallies for shocking upset
- Maryland judiciary seeks applications to replace slain judge
- Suspect in fatal grocery store shooting leaves behind debit card, leading to his arrest
- Meet first time Grammy nominee Charley Crockett
- Inaugural Jazz Music Awards will be broadcast on PBS and PBS Passport with host Dee Dee Bridgewater
- China’s homegrown C919 aircraft arrives in Hong Kong in maiden flight outside the mainland
- State Department circumvents Congress, approves $106 million sale of tank ammo to Israel
Recommendation
Stamford Road collision sends motorcyclist flying; driver arrested
As COP28 negotiators wrestle with fossil fuels, activists urge them to remember what’s at stake
A court sets aside the South African president’s recognition of the Zulu king
SantaCons have flocks of Santas flooding city streets nationwide: See the Christmas chaos
What to know about Tuesday’s US House primaries to replace Matt Gaetz and Mike Waltz
Kat Dennings marries Andrew W.K., joined by pals Macaulay Culkin and Brenda Song for ceremony
'The Iron Claw' review: Zac Efron is ripped and terrific in the wrestling true story
UN warns nearly 50 million people could face hunger next year in West and Central Africa