Current:Home > ScamsCan forcing people to save cool inflation? -OceanicInvest
Can forcing people to save cool inflation?
View
Date:2025-04-13 07:55:52
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! (71)
Related
- California DMV apologizes for license plate that some say mocks Oct. 7 attack on Israel
- 'Queen of America' Laura Linney takes on challenging mom role with Sundance film 'Suncoast'
- Ford to recall nearly 1.9 million Explorer SUVs to secure trim pieces that can fly off in traffic
- Baltimore Ravens' Mike Macdonald, Todd Monken in running to be head coaches on other teams
- House passes bill to add 66 new federal judgeships, but prospects murky after Biden veto threat
- Cyprus rescues 60 Syrian migrants lost at sea for 6 days. Several have been hospitalized
- Tina Knowles Sets the Record Straight After Liking Post Shading Janet Jackson
- Daniel Will: FinTech & AI Turbo Tells You When to Place Heavy Bets in Investments.
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Tesla 4Q net income doubles due to tax benefit but earnings fall short of analyst estimates
Ranking
- Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
- From 'Barbie' to 'The Holdovers,' here's how to stream Oscar-nominated movies right now
- Israel says 24 soldiers killed in Gaza in deadliest day in war with Hamas since ground operations launched
- Jury seated in trial of Michigan mom whose son killed 4 at school
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- Sri Lanka passes bill allowing government to remove online posts and legally pursue internet users
- Abbott keeps up border security fight after Supreme Court rules feds' can cut razor wire
- Kansas City police identify 3 men found dead outside friend's home
Recommendation
At site of suspected mass killings, Syrians recall horrors, hope for answers
Tanzania’s main opposition party holds first major protest in several years, after ban was lifted
A record-size blanket of smelly seaweed could ruin your spring beach trip. What to know.
A Minnesota trooper is charged with murder in the shooting death of Ricky Cobb II
Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
'I just need you to trust me. Please.' Lions coach Dan Campbell's speeches are legendary.
NPR names tech executive Katherine Maher to lead in turbulent era
If the part isn't right, Tracee Ellis Ross says 'turn it into what you want it to be'