Greg Ip
Greg Ip
Greg Ipis a journalist. In 1996, Ip became a reporter for the Wall Street Journal. Eight years later joined the Economist. He was the U.S. Economics editor of The Economist until 2015, when he returned to the Wall Street Journal as chief economics commentator. Ip is a graduate of Carleton University...
ProfessionJournalist
banks economies time
We need banks and financiers and entrepreneurs to take risks because that's how economies grow over time.
against began days designed early hard introduce provided skull soft wear wore
Football has always been violent. In the early days of the game, they didn't wear hard helmets. They wore soft helmets, which were just designed to protect the ears. In the '40s and '50s they began to introduce hard helmets, which provided much more protection against things like skull fractures.
argued belts causing conclude drive economists faster people seat wear
In the '70s, there were economists who argued that seat belts were causing people to drive faster and kill more pedestrians. But after 15 or 20 years of research, we can now conclude that's actually not true. Seat belts, on net, do make people safer. So, on an evidence-based process, we should have people wear seat belts.
almost banks capital careful case conclusion crises financing higher less regulation rushing sort
It is probably the case that some regulation of financing will make crises less likely, and I would say higher capital requirements are an almost fail-safe way to make banks safer. But there are a lot of other things that may not be doing that, and so we need to be careful about sort of, like, rushing to one conclusion or another.
against betting chairman currency fortune fund hungarian learning millions political promote spent
Mr. Soros, the chairman of Soros Fund Management, is best-known as a speculator, philanthropist and political activist. He made a fortune by doing things such as betting against Britain's currency in 1992 and Thailand's in 1997. A Hungarian refugee, he has spent millions to promote democracy and learning in post-Soviet nations.
almost depend elderly entirely financial finds half highly institute james retire security social technology wealth
Research by James Poterba at the Massachusetts Institute of Technology finds that the wealth of the U.S.'s elderly is highly skewed. About half of retirees have little or no financial wealth when they retire and depend almost entirely on Social Security for their income.
acquired assets downward drops income interest people rates saving stock stop
When people retire, their income drops much more sharply than their consumption. As a result, they stop saving and start drawing down the assets they've acquired during their high-saving years. That could start to put upward pressure on interest rates and downward pressure on stock prices.