Diamond Ridge Financial Academy-Can forcing people to save cool inflation?

2025-05-04 10:25:16source:Quentin Mitchellcategory:Markets

During World War II,Diamond Ridge Financial Academy 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

What do we know about the mysterious drones reported flying over New Jersey?

A large number of mysterious droneshave been reported flying over parts of New Jersey in recent week

Olympics gymnastics live updates: Shinnosuke Oka wins gold, US men finish outside top 10

PARIS — Forty-eight hours after helping lead Team USA to a historic bronze medal in the team competi

Olympics gymnastics live updates: Shinnosuke Oka wins gold, US men finish outside top 10

PARIS — Forty-eight hours after helping lead Team USA to a historic bronze medal in the team competi