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Greg Ip Quotes
Greg Ip Quotes
Greg Ip
Journalist
Another
Attention
Depend
Financial
People
Research
Related authors:
Ambrose Bierce
Dave Barry
Erma Bombeck
Hunter S. Thompson
Mignon McLaughlin
Walter Cronkite
William F. Buckley, Jr.
William Lloyd Garrison
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.
Greg Ip
People
Drive
Research
Faster
Pedestrian
Wear
Net
More
Argued
True
Economists
Make
Safer
Conclude
Causing
Were
Years
After
Process
Should
Who
Now
Seat
Actually
Belts
We need banks and financiers and entrepreneurs to take risks because that's how economies grow over time.
Greg Ip
Time
Risks
Financiers
Entrepreneurs
Take
Over
Economies
Because
How
Banks
Grow
Need
Low interest rates are usually attributed to low inflation, weak economic growth and super easy monetary policy. But there's another deep-seated factor that doesn't get much attention: demographics.
Greg Ip
Inflation
Weak
Easy
Super
Rates
Economic
Factor
Economic Growth
Attention
Policy
Another
Attributed
Demographics
Get
Interest
Interest Rates
Low
Much
Much Attention
Monetary
Monetary Policy
Growth
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.
Greg Ip
People
Result
Pressure
Down
Saving
Drawing
Rates
More
Could
Prices
Put
Consumption
Retire
Drops
Sharply
Years
Stock
Than
Stop
Upward
Interest
Interest Rates
Acquired
Much
Income
Assets
Downward
Start
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.
Greg Ip
Technology
Financial
Wealth
Half
Depend
Research
Security
Finds
About
Entirely
Retire
Almost
Retirees
Highly
Institute
Massachusetts
James
Little
Social
Elderly
Skewed
Social Security
Income
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