Current:Home > MyCan forcing people to save cool inflation? -Dynamic Money Growth
Can forcing people to save cool inflation?
View
Date:2025-04-16 01:05:19
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! (69)
Related
- Military service academies see drop in reported sexual assaults after alarming surge
- Pope Francis getting antibiotics intravenously for lung problem, limiting appointments, Vatican says
- Big Time Rush's Kendall Schmidt and Mica von Turkovich Are Married, Expecting First Baby
- Full transcript of Face the Nation, Nov. 26, 2023
- Sarah J. Maas books explained: How to read 'ACOTAR,' 'Throne of Glass' in order.
- Paul Lynch, Irish author of 'Prophet Song,' awarded over $60K with 2023 Booker Prize
- Police arrest suspect in possible 'hate-motivated' shooting of three Palestinian students
- Iran adds sophisticated warship to Caspian fleet
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Coach Outlet’s Cyber Monday Sale-on-Sale Has All Your Favorite Fall Bags For 70% Off & More
Ranking
- Spooky or not? Some Choa Chu Kang residents say community garden resembles cemetery
- What do Stephen Smith's injuries tell about the SC teen's death? New findings revealed.
- Will & Grace Star Eric McCormack's Wife Janet Files for Divorce After 26 Years of Marriage
- Why Ravens enter bye week as AFC's most dangerous team
- Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
- Rescuers attempt manual digging to free 41 Indian workers trapped for over two weeks in tunnel
- Schools in Portland, Oregon, and teachers union reach tentative deal after nearly month-long strike
- UK government reaches a pay deal with senior doctors that could end disruptive strikes
Recommendation
Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
Representatives of European and Arab countries meet in Barcelona to discuss the Israel-Hamas war
Google will start deleting ‘inactive’ accounts in December. Here’s what you need to know
Tom Brady Shares Glimpse of Tropical Vacation With His and Gisele Bündchen's Kids
Senate begins final push to expand Social Security benefits for millions of people
Giving back during the holiday season: What you need to know to lend a helping hand
Between coding, engineering and building robots, this all-girls robotics team does it all
Selena Gomez Debuts Blonde Highlights in Rare Hair Transformation