Current:Home > ScamsCan forcing people to save cool inflation? -Ascend Wealth Education
Can forcing people to save cool inflation?
View
Date:2025-04-13 06:33:13
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! (13287)
Related
- Rolling Loud 2024: Lineup, how to stream the world's largest hip hop music festival
- Britney Spears’ 2011 Song “Selfish” Surpasses Ex Justin Timberlake’s New Song “Selfish”
- Herbert Coward, who played Toothless Man in 'Deliverance,' killed in North Carolina crash
- Protesting farmers heap pressure on new French prime minister ahead of hotly anticipated measures
- North Carolina justices rule for restaurants in COVID
- Remains found on serial killer's Indiana estate identified as man missing since 1993
- Radio communication problem preceded NYC subway crash that injured 25, federal report says
- 3 people found dead inside house in Minneapolis suburb of Coon Rapids after 911 call
- Senate begins final push to expand Social Security benefits for millions of people
- Man accused of picking up teen fugitive following escape now facing charges, authorities say
Ranking
- This was the average Social Security benefit in 2004, and here's what it is now
- Closing arguments slated as retrial of ex-NFL star Smith’s killer nears an end
- Tattoo artist Kat Von D didn’t violate photographer’s copyright of Miles Davis portrait, jury says
- Jannik Sinner knocks out 10-time champ Novak Djokovic in Australian Open semifinals
- US appeals court rejects Nasdaq’s diversity rules for company boards
- The Best Sales To Shop This Weekend from Vince Camuto, BaubleBar, Pottery Barn, & More
- Biden delays consideration of new natural gas export terminals. Democrat cites risk to the climate
- Tesla recalls nearly 200,000 vehicles over faulty backup camera
Recommendation
John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
Indianapolis police shoot and kill wanted man during gunfight
Kansas governor vetoes tax cuts she says would favor ‘super wealthy’
As US brings home large numbers of jailed Americans, some families are still waiting for their turn
Federal court filings allege official committed perjury in lawsuit tied to Louisiana grain terminal
What's Making Us Happy: A guide to your weekend viewing, reading and browsing
A private prison health care company accused of substandard care is awarded new contract in Illinois
Inflation slowed further in December as an economic ‘soft landing’ moves into sharper focus