Desmond Preston-Can forcing people to save cool inflation?

2025-05-02 06:04:34source:TrendPulsecategory:Markets

During World War II,Desmond Preston 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:Markets

Recommend

Former longtime South Carolina congressman John Spratt dies at 82

COLUMBIA, S.C. (AP) — John Spratt, a former longtime Democratic congressman from South Carolina who

Taylor Swift caps off massive 2023 by entering her Time Person of the Year era

Taylor Swift is 2023's Time Person of the Year, giving the billionaire, business mogul, singer, song