Current:Home > InvestCan forcing people to save cool inflation? -Aspire Money Growth
Can forcing people to save cool inflation?
View
Date:2025-04-18 10:45:59
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! (82428)
Related
- Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
- NFL overreactions: New York Jets, Dallas Cowboys going nowhere after Week 10
- Angels sign Travis d'Arnaud: Former All-Star catcher gets multiyear contract in LA
- After entire police force resigns in small Oklahoma town, chief blames leaders, budget cuts
- Federal hiring is about to get the Trump treatment
- Monument erected in Tulsa for victims of 1921 Race Massacre
- Cameron Brink set to make Sports Illustrated Swimsuit debut
- ‘Maybe Happy Ending’ review: Darren Criss shines in one of the best musicals in years
- Google unveils a quantum chip. Could it help unlock the universe's deepest secrets?
- Denzel Washington Will Star in Black Panther 3 Before Retirement
Ranking
- US appeals court rejects Nasdaq’s diversity rules for company boards
- The Daily Money: Mattel's 'Wicked' mistake
- Horoscopes Today, November 12, 2024
- Kentucky gets early signature win at Champions Classic against Duke | Opinion
- All That You Wanted to Know About She’s All That
- Why Outer Banks Fans Think Costars Rudy Pankow and Madison Bailey Used Stunt Doubles Amid Rumored Rift
- New Jersey will issue a drought warning after driest October ever and as wildfires rage
- Investigators believe Wisconsin kayaker faked his own death before fleeing to eastern Europe
Recommendation
Arkansas State Police probe death of woman found after officer
Cowboys owner Jerry Jones responds to CeeDee Lamb's excuse about curtains at AT&T Stadium
Republican Vos reelected as Wisconsin Assembly speaker despite losing seats, fights with Trump
Trump’s economic agenda for his second term is clouding the outlook for mortgage rates
Sarah J. Maas books explained: How to read 'ACOTAR,' 'Throne of Glass' in order.
Mike Tyson impresses crowd during workout ahead of Jake Paul fight
Opinion: Chris Wallace leaves CNN to go 'where the action' is. Why it matters
About Charles Hanover