The Many Hazards of Moral Hazard

by Benjamin Domenech on 6:59 am September 21, 2009

James K. Glassman excoriates the enablers: “Over the past three decades, the world has been awash in just this kind of moral hazard, as governments have become more adept at economic rescue and as practitioners of the art have won praise for seeming to pull the world back from the abyss.”

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