Current:Home > MarketsCan forcing people to save cool inflation?-LoTradeCoin
Can forcing people to save cool inflation?
View Date:2024-12-23 23:33:43
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! (6)
Related
- How Leonardo DiCaprio Celebrated His 50th Birthday
- Peak global population is approaching, thanks to lower fertility rates: Graphics explain
- Pepper, the cursing bird who went viral for his foul mouth, has found his forever home
- 16 & Pregnant Alum Autumn Crittendon Dead at 27
- 'Red One' review: Dwayne Johnson, Chris Evans embark on a joyless search for Santa
- Woman stabbed at Miami International Airport, critically injured
- Donald Trump to appear on golfer Bryson DeChambeau's Break 50 show for 'special episode'
- Biden drops out of the 2024 presidential race, endorses Vice President Kamala Harris for nomination
- Eminem, Alanis Morissette, Sheryl Crow, N.W.A. and Janet Jackson get Songwriters Hall of Fame nods
- The Mitsubishi Starion and Chrysler conquest are super rad and rebadged
Ranking
- It's cozy gaming season! Video game updates you may have missed, including Stardew Valley
- More money could result in fewer trips to ER, study suggests
- Black voters feel excitement, hope and a lot of worry as Harris takes center stage in campaign
- Biden’s withdrawal injects uncertainty into wars, trade disputes and other foreign policy challenges
- Jax Taylor Breaks Silence on Brittany Cartwright Dating His Friend Amid Their Divorce
- LSU cornerback Javien Toviano arrested, faces video voyeurism charges
- Plane crashes near the site of an air show in Wisconsin, killing the 2 people on board
- Airlines, government and businesses rush to get back on track after global tech disruption
Recommendation
-
College Football Playoff ranking release: Army, Georgia lead winners and losers
-
Secret Service admits some security modifications for Trump were not provided ahead of assassination attempt
-
These are the most common jobs in each state in the US
-
National bail fund returns to Georgia after judge says limits were arbitrary
-
Firefighters make progress, but Southern California wildfire rages on
-
Cleveland-Cliffs will make electrical transformers at shuttered West Virginia tin plant
-
Braves' injuries mount: Ozzie Albies breaks wrist, Max Fried on IL with forearm issue
-
Largest trial court in the US closes after ransomware attack, California officials say