Current:Home > ScamsCan forcing people to save cool inflation? -Pinnacle Profit Strategies
Can forcing people to save cool inflation?
View
Date:2025-04-16 13:51:50
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! (274)
Related
- Intellectuals vs. The Internet
- A missile strike targets Kyiv as Russian train carriages derail due to ‘unauthorized interference’
- Body of South Dakota native who’s been missing for 30 years identified in Colorado
- Columbia University suspends pro-Palestinian and Jewish student clubs
- The 401(k) millionaires club keeps growing. We'll tell you how to join.
- How Rachel Bilson Deals With the Criticism About Her NSFW Confessions
- Sam Bankman-Fried is guilty, and the industry he helped build wants to move on
- What Britney Spears' book taught me about resilience and self love
- Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
- JAY-Z and Gayle King: Brooklyn's Own prime-time special to feature never-before-seen interview highlights
Ranking
- Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
- Is it OK to say 'Happy Veterans Day'? Veterans share best way to honor them
- 1.2 million chickens will be slaughtered at an Iowa farm where bird flu was found
- Peoria Book Rack is a true book lovers hub in Illinois: Here are the books they recommend
- Tree trimmer dead after getting caught in wood chipper at Florida town hall
- Iceland evacuates town and raises aviation alert as concerns rise a volcano may erupt
- Michigan awaits a judge’s ruling on whether Jim Harbaugh can coach the team against Penn State
- Australia offers to help Tuvalu residents escape rising seas and other ravages of climate change
Recommendation
Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
What's Making Us Happy: A guide to your weekend viewing and reading
The Best Fleece-Lined Leggings of 2023 to Wear This Winter, According to Reviewers
LeBron James scores 32 points, Lakers rally to beat Suns 122-119 to snap 3-game skid
House passes bill to add 66 new federal judgeships, but prospects murky after Biden veto threat
Grammy Awards announce 2024 nominations. Here's a full list of the nominees.
Siemens Gamesa scraps plans to build blades for offshore wind turbines on Virginia’s coast
Kelsea Ballerini and Chase Stokes Deserve an Award for Their Sweet Reaction to Her 2024 Grammy Nomination