Home
Authors
Tags
App
Get QuoteDark Inspirational Quotes App
All Quotes by author - Greg Ip
" 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. "
Skull
Game
Football
" 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. "
Drive
People
Process
" 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. "
Way
Be Careful
Doing
" 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. "
Easy
Weak
Policy
" 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. "
Doing
Democracy
Management
" 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. "
Financial
Wealth
Technology
" We need banks and financiers and entrepreneurs to take risks because that's how economies grow over time. "
Time
Because
Grow
" 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. "
People
Pressure
Start
Check our other websites:
BookDark
MusicDark