Current:Home > InvestCan forcing people to save cool inflation? -Wealth Nexus Pro
Can forcing people to save cool inflation?
View
Date:2025-04-14 13:02:27
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! (45913)
Related
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Tackling climate change and alleviating hunger: States recycle and donate food headed to landfills
- Fatal crashes reported; snow forecast: Thanksgiving holiday weekend travel safety news
- Slovak leader calls the war between Russia and Ukraine a frozen conflict
- 'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
- Gaza shrinks for Palestinians seeking refuge. 4 stories offer a glimpse into a diminished world
- Argentina’s labor leaders warn of resistance to President-elect Milei’s radical reforms
- Person dead after officer-involved shooting outside Salem
- 'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
- New Zealand’s new government promises tax cuts, more police and less bureaucracy
Ranking
- Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
- Facing my wife's dementia: Should I fly off to see our grandkids without her?
- Adult Survivors Act: Why so many sexual assault lawsuits have been filed under New York law
- A historic theater is fighting a plan for a new courthouse in Georgia’s second-largest city
- $73.5M beach replenishment project starts in January at Jersey Shore
- Bradley Cooper's 'Maestro' fully captures Bernstein's charisma and complexity
- Oscar Pistorius granted parole: Who is the South African Olympic, Paralympic runner
- How making jewelry got me out of my creative rut
Recommendation
2 killed, 3 injured in shooting at makeshift club in Houston
Victims in Niagara Falls border bridge crash identified as Western New York couple
Oprah's Favorite Things 2023: Cute, Cozy & Chic Small Business Finds on Amazon
Gwyneth Paltrow talks menopause and perimenopause: 'It's nothing to be hidden'
In ‘Nickel Boys,’ striving for a new way to see
Memorial planned for Kansas police dog that was strangled after chasing suspect into storm drain
5 people dead in a Thanksgiving van crash on a south Georgia highway
20 years ago, the supersonic passenger jet Concorde flew for the last time