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

2025-05-06 21:42:22source:Greenledgers Trading Centercategory:Invest

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:Invest

Recommend

New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health

SANTA FE, N.M. (AP) — New Mexico would make major new investments in early childhood education, indu

Reese Witherspoon Debuts Her Post-Breakup Bangs With Stunning Selfie

Reese Witherspoon just switched up her signature hairstyle. What, like it's hard?The Legally Blonde 

A Delaware city is set to give corporations the right to vote in elections

The state of Delaware is famously business-friendly. With more than 1.8 million entities registered