Current:Home > NewsCan forcing people to save cool inflation? -Wealth Navigators Hub
Can forcing people to save cool inflation?
View
Date:2025-04-16 04:33:45
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! (287)
Related
- See you latte: Starbucks plans to cut 30% of its menu
- Ray Epps, Trump supporter targeted by Jan. 6 conspiracy theory, pleads guilty to Capitol riot charge
- There have been attempts to censor more than 1,900 library book titles so far in 2023
- What Biden's support for UAW strike says about 2024 election: 5 Things podcast
- Federal hiring is about to get the Trump treatment
- Brewers' J.C. Mejía gets 162-game ban after second positive test for illegal substance
- Texas teacher fired over Anne Frank graphic novel. The complaint? Sexual content
- Biden Finds Funds to Launch an ‘American Climate Corps’ With Existing Authority Congress Has Given to Agencies
- Highlights from Trump’s interview with Time magazine
- Trump’s New York hush-money criminal trial could overlap with state’s presidential primary
Ranking
- The 401(k) millionaires club keeps growing. We'll tell you how to join.
- Indiana workplace officials probe death of man injured while working on machine at Evansville plant
- The Asian Games: larger than the Olympics and with an array of regional and global sports
- Saints safety Marcus Maye suspended for violating NFL’s substance abuse policy
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
- The Federal Reserve holds interest rates steady but hints at more action this year
- Megan Fox Shares the Secrets to Chemistry With Costars Jason Statham, 50 Cent and UFC’s Randy Couture
- Democrats want federal voting rights bill ahead of 2024 elections
Recommendation
Krispy Kreme offers a free dozen Grinch green doughnuts: When to get the deal
Revolving door redux: The DEA’s recently departed No. 2 returns to a Big Pharma consulting firm
Sweden’s central bank hikes key interest rate, saying inflation is still too high
Asian Games offer a few sports you may not recognize. How about kabaddi, sepaktakraw, and wushu?
A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
The Federal Reserve is making a decision on interest rates today. Here's what to expect.
After leaving bipartisan voting information group, Virginia announces new data-sharing agreements
India moves toward reserving 33% of the seats in Parliament and state legislatures for women