Greg Ip Quotes

#1. 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

#2. 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

#3. developments and detail our shared outlook

Greg Ip

#4. 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.

Greg Ip

#5. President Harry S. Truman is said to have famously asked for a one-handed economist, noting that "all my economists say, on the one hand and on the other.

Greg Ip

#6. 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

#7. It [economics] facilitates our understanding of the well-being of societies and the challenges they face; it explains many of the daily interactions between individuals, companies and governments, and it offers a guide to understanding political and social trends that are shaping our world.

Greg Ip

#8. We need banks and financiers and entrepreneurs to take risks because that's how economies grow over time.

Greg Ip