Current:Home > MyCan forcing people to save cool inflation? -Zenith Money Vision
Can forcing people to save cool inflation?
View
Date:2025-04-13 16:37:11
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! (9575)
Related
- The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
- This doctor fought Ebola in the trenches. Now he's got a better way to stop diseases
- Biden Names Ocasio-Cortez, Kerry to Lead His Climate Task Force, Bridging Democrats’ Divide
- Judges' dueling decisions put access to a key abortion drug in jeopardy nationwide
- New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
- U.S. Soldiers Falling Ill, Dying in the Heat as Climate Warms
- ICN’s ‘Harvesting Peril’ Wins Prestigious Oakes Award for Environmental Journalism
- One month after attack in congressman's office, House panel to consider more security spending
- Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
- A Good Friday funeral in Texas. Baby Halo's parents had few choices in post-Roe Texas
Ranking
- Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
- Dog stabbed in Central Park had to be euthanized, police say
- Blinken says military communication with China still a work in progress after Xi meeting
- India Set to Lower ‘Normal Rain’ Baseline as Droughts Bite
- US wholesale inflation accelerated in November in sign that some price pressures remain elevated
- Robert De Niro and Girlfriend Tiffany Chen Step Out at Cannes Film Festival After Welcoming Baby
- Prince Harry and Meghan Markle's Spotify deal unravels after just one series
- Mass shooting in St. Louis leaves 1 juvenile dead, 9 injured, police say
Recommendation
Meta releases AI model to enhance Metaverse experience
Global Warming Is Changing the Winds Off Antarctica, Driving Ice Melt
Why Vanderpump Rules' Lala Kent and Scheana Shay's Bond Over Motherhood Is as Good as Gold
Julian Sands' cause of death ruled 'undetermined' one month after remains were found
Former Syrian official arrested in California who oversaw prison charged with torture
Grief and tangled politics were at the heart of Kentucky's fight over new trans law
Clinics offering abortions face a rise in threats, violence and legal battles
146 dogs found dead in home of Ohio dog shelter's founding operator