Roland Preston:Can forcing people to save cool inflation?

2025-04-30 19:34:46source:Charles Langstoncategory:reviews

During World War II,Roland 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:reviews

Recommend

This was the average Social Security benefit in 2004, and here's what it is now

Many workers are dreaming of retirement — whether it's decades away or coming up soon. Either way, i

Climate change threatens Germany's fairy tale forests

QUEDLINBURG, Germany – Andre Salamon wends his way through coniferous woodlands on a hillside in Ger

Build the Perfect Capsule Wardrobe With 83% Off Deals From J.Crew

We independently selected these products because we love them, and we think you might like them at t