Join the Fraser Institute as Greg Ip discusses "Foolproof: Why Safety Can Be Dangerous and How Danger Makes Us Safe."
In trying to make ourselves safer, we often end up creating the conditions for catastrophe. Why? Because when we feel safer, we take more risk; and because stamping out one sort of risk will often cause a different sort to emerge, in unexpected places. Ip shows how the pursuit of safety can explain the U.S. financial crisis and Europe's sovereign debt crisis, natural disaster such as forest fires, Superstorm Sandy and the tsunami that knocked out Japan's Fukushima nuclear power plant, and how we can adjust our behaviour to embrace the right amount of risk and danger.
Speaker: Greg Ip, Chief economics commentator, The Wall Street Journal