Environment Encyclical Is 'Well Intentioned, Deeply Flawed'
Does anyone doubt that, if the world faces another series of major bank failures, governments will behave in exactly the same way, thereby reinforcing the moral hazard problem that's at the root of so much of the financial sector's on-going ...
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Refugee policies give Australia's global reputation a beating
It was also a tactic replete with moral hazard – wouldn't local Indonesians be encouraged to join people-smuggling ventures knowing there could be an opportunity for a financial bonus if they were caught by the Australians? "We would certainly urge all ...
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Did Christie Really Say that College Girls Can Sell Themselves to Pay Tuition?
According to Simkovic, such a system would contribute to “moral hazard” by encouraging borrowers to sacrifice earning potential, long hours and hard, potentially unpleasant work for lower-paying, less stressful careers. What a nightmare for the Powers ...
Read more on Ring of Fire