Grayson  Preston|Can forcing people to save cool inflation?

2025-05-01 00:09:38source:Phaninccategory:My

During World War II,Grayson  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:My

Recommend

Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co

Paula Abdul and Nigel Lythgoe have settled their lawsuit a year after the allegations sent shockwave

Extinction Rebellion, Greenpeace Campaign for a Breakup Between Big Tech and Big Oil

When Sam Kern started working at Google four years ago, she believed she could drive change as an in

Christy Turlington’s 19-Year-Old Daughter Grace Burns Makes Runway Debut in Italy

The apple doesn't fall far from the fashion tree.Grace Burns, the 19-year-old daughter of supermodel