Can forcing people to save cool inflation?

2024-12-26 11:31:38 source:lotradecoin search category:Stocks

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.

More:Stocks

Recommend

'The Later Daters': Cast, how to stream new Michelle Obama

A new reality dating series produced by former First Lady Michelle Obama sheds light on an often und

Heidi Klum Reveals She Eats 900 Calories a Day, Including This Daily Breakfast Habit

Heidi Klum gave her fans some food for thought.The 50-year-old recently shared insight into her heal

Pregnant Kim Kardashian's Haunting American Horror Story Character Is the Thing of Nightmares

Kim Kardashian is here to haunt your dreams, dolls.In the first official teaser for American Horror