Previously on This Just In…

The update:

Allison Schrager is a senior fellow at the Manhattan Institute and a City Journal contributing editor. She writes:

There are many reasons for our declining risk tolerance. We were raised and live in a richer society, where we need to take fewer risks. The government plays a growing role in removing risk from our lives, from the financial system to the workplace and beyond. We wind up less used to confronting risk—and less prepared for life’s inevitable shocks.

This threatens not only our resilience but also, over time, our prosperity. Risk is critical for a flourishing society and vibrant economy.

Read Schrager’s entire column, “Bring Back Risk,” here.