Algosensey:Can forcing people to save cool inflation?

2025-05-05 10:50:15source:Quaxscategory:News

During World War II,Algosensey 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:News

Recommend

The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10

CHICAGO (AP) — A jury awarded nearly $80 million to the family of a 10-year-old Chicago girl who was

US job openings fall to lowest level since March 2021 as labor market cools

WASHINGTON (AP) — U.S. employers posted 8.7 million job openings in October, the fewest since March

Several killed in bombing during Catholic mass in Philippines

At least three people were killed and seven wounded in a bomb attack on a Catholic mass in the insur