Savings bonds were used to remove money from circulation during WWII to keep inflation down. We don't have that problem right now, we have the opposite. Removing money from circulation is not a good idea for a country in recession.
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These were used to control inflation by taking money out of circulation--people had money from the war effort, but not goods to spend it on due to rationing and shortages. Not a treatment for a recession. Tax withholding also started out as a way to control wartime inflation.
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