Current:Home > reviewsCan forcing people to save cool inflation? -WealthMap Solutions
Can forcing people to save cool inflation?
View
Date:2025-04-17 16:06:17
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! (2)
Related
- The Best Stocking Stuffers Under $25
- John Thune is striving to be the next Republican Senate leader, but can he rise in Trump’s GOP?
- Dolphins put Tua Tagovailoa on injured reserve after latest concussion
- What to know about the pipeline fire burning for a third day in Houston’s suburbs
- 'Most Whopper
- Fire destroys 105-year-old post office on Standing Rock Reservation
- Did You Know Earth Is Set to Have Another Moon in Its Orbit? Here's What That Means
- First and 10: Texas has an Arch Manning problem. Is he the quarterback or Quinn Ewers?
- Sonya Massey's father decries possible release of former deputy charged with her death
- Man who sold fentanyl-laced pill liable for $5.8 million in death of young female customer
Ranking
- Bill Belichick's salary at North Carolina: School releases football coach's contract details
- 2-year-old fatally struck by car walked onto highway after parents put her to bed
- Halle Berry Reveals Hilarious Mom Mistake She Made With 16-Year-Old Daughter Nahla
- Harvey Weinstein set to be arraigned on additional sex crimes charges in New York
- Sam Taylor
- Jealousy, fear, respect: How Caitlin Clark's been treated by WNBA players is complicated
- Michael Hill and April Brown given expanded MLB roles following the death of Billy Bean
- Florida sheriff posts mug shot of 11-year-old charged in fake school shooting threat
Recommendation
Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
Jamie-Lynn Sigler Shares Son Beau, 11, Has No Memory of Suffering Rare Illness
Text of the policy statement the Federal Reserve released Wednesday
WNBA awards Portland an expansion franchise that will begin play in 2026
Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
Michael Hill and April Brown given expanded MLB roles following the death of Billy Bean
Dancing With the Stars' Gleb Savchenko Shares Message to Artem Chigvintsev Amid Divorce
A Mississippi Confederate monument covered for 4 years is moved