Current:Home > reviewsCan forcing people to save cool inflation? -Mastery Money Tools
Can forcing people to save cool inflation?
View
Date:2025-04-19 17:11:07
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! (1)
Related
- Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
- ‘David Makes Man’ actor Akili McDowell is charged with murder in man’s shooting in Houston
- Air travelers sue CrowdStrike after massive computer outage disrupts flights
- When does 'Love is Blind: UK' come out? Season 1 release date, cast, hosts, where to watch
- Israel lets Palestinians go back to northern Gaza for first time in over a year as cease
- Michigan primaries will set the stage for Senate, House races key to control of Congress
- Elon Musk sues OpenAI, renewing claims ChatGPT-maker put profits before ‘the benefit of humanity’
- Olympic medals today: What is the medal count at 2024 Paris Games on Tuesday?
- NHL in ASL returns, delivering American Sign Language analysis for Deaf community at Winter Classic
- Maine denies initial request of Bucksport-area owner to give up dams
Ranking
- As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest
- Pregnant Cardi B Reveals the Secret of How She Hid Her Baby Bump
- Are pheromones the secret to being sexy? Maybe. Here's how they work.
- David Lynch reveals he can't direct in person due to emphysema, vows to 'never retire'
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- 2024 Olympics: Simone Biles Details Why She’s Wearing a Boot After Gymnastics Run
- Maine denies initial request of Bucksport-area owner to give up dams
- Creating NCAA women's basketball tournament revenue unit distribution on board agenda
Recommendation
Retirement planning: 3 crucial moves everyone should make before 2025
Paris Olympics highlights Monday: Noah Lyles, Gabby Thomas advance in 200 meters
Sam Kendricks wins silver in pole vault despite bloody, punctured hand
Suburban New York county bans wearing of masks to hide identity
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
HBO's 'Hard Knocks' with Chicago Bears debuts: Full schedule, how to watch episodes
Who is Tim Walz? Things to know about Kamala Harris’ choice for vice president
Billions Actor Akili McDowell Arrested and Charged With Murder