Current:Home > NewsCan forcing people to save cool inflation? -ChatGPT
Can forcing people to save cool inflation?
View
Date:2025-04-14 00:33:10
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! (49)
Related
- Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
- Donald Trump is returning to the world stage. So is his trolling
- Australian man arrested for starting fire at Changi Airport
- Mitt Romney’s Senate exit may create a vacuum of vocal, conservative Trump critics
- Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
- The best tech gifts, gadgets for the holidays featured on 'The Today Show'
- Austin Tice's parents reveal how the family coped for the last 12 years
- Is that Cillian Murphy as a zombie in the '28 Years Later' trailer?
- Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
- Australian man arrested for starting fire at Changi Airport
Ranking
- Federal Spending Freeze Could Have Widespread Impact on Environment, Emergency Management
- Aaron Taylor
- How to watch the Geminid meteor shower this weekend
- Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
- The company planning a successor to Concorde makes its first supersonic test
- 'Unimaginable situation': South Korea endures fallout from martial law effort
- Is that Cillian Murphy as a zombie in the '28 Years Later' trailer?
- Horoscopes Today, December 11, 2024
Recommendation
Global Warming Set the Stage for Los Angeles Fires
Cincinnati Bengals quarterback Joe Burrow owns a $3 million Batmobile Tumbler
Making a $1B investment in the US? Trump pledges expedited permits — but there are hurdles
'Unimaginable situation': South Korea endures fallout from martial law effort
Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
Only about 2 in 10 Americans approve of Biden’s pardon of his son Hunter, an AP
Philippines' VP Sara Duterte a no
Making a $1B investment in the US? Trump pledges expedited permits — but there are hurdles