Current:Home > InvestCan forcing people to save cool inflation? -Excel Money Vision
Can forcing people to save cool inflation?
View
Date:2025-04-16 04:13:02
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! (39244)
Related
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Britain’s post-Brexit trade talks with Canada break down as they disagree over beef and cheese
- Protesters gather outside a top Serbian court to demand that a disputed election be annulled
- Man charged in 20-plus calls of false threats in US, Canada pleads guilty
- Military service academies see drop in reported sexual assaults after alarming surge
- New North Carolina state Senate districts remain in place as judge refuses to block their use
- AP Photos: Indians rejoice in colorful Republic Day parade with the French president as chief guest
- Hawaii officials identify the last of the 100 known victims of the wildfire that destroyed Lahaina
- Trump wants to turn the clock on daylight saving time
- Houthis, defying U.S. strikes, attempt another attack on U.S.-owned commercial ship
Ranking
- Highlights from Trump’s interview with Time magazine
- Atlanta Falcons hiring Raheem Morris as next head coach
- Britney Spears’ 2011 Song “Selfish” Surpasses Ex Justin Timberlake’s New Song “Selfish”
- Tattoo artist Kat Von D didn’t violate photographer’s copyright of Miles Davis portrait, jury says
- Highlights from Trump’s interview with Time magazine
- Eyewitness account to first US nitrogen gas execution: Inmate gasped for air and shook
- Alleged carjacking suspect fatally shot by police at California ski resort
- Russian man who flew on Los Angeles flight without passport or ticket found guilty of being stowaway
Recommendation
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
Prominent Kentucky lawmaker files bill to put school choice on the statewide ballot in November
University of California board delays vote over hiring immigrant students without legal status
Gun-waving St. Louis lawyer wants misdemeanor wiped off his record
San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
From 'Underdoggs' to 'Mission: Impossible 7,' here are 10 movies you need to stream right now
Father-daughter duo finds surprise success with TV channel airing only classics
More 'nones' than Catholics: Non-religious Americans near 30% in latest survey