What is Moral Hazard?
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In helping to correct a problem which originated in past poor moral judgments, creating incentives for the same problem to repeat in the future without addressing the original poor moral judgments. Since there is an expectation that one was helped once, one will be helped again.
Giving money to banks which do not reform their mortgage lending practices creates a moral hazard
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Random Words:
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What happens when flipping flapjacks (pancakes) and one partially lands on top of another.
Oops! When turning the pancakes I had a flap..
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Taking a shit in the upper tank of a toilet. Also known as "2000 Flushes Brown" and "The Gift That Keeps On Giving"
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