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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A sophisticated group of individuals who share their musical talent with various teenagers, and 40 year old burnouts alike.
see also &q..
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The massive out migration of Michigan residents due to the poor state of the Michigan economy and lack of available work.
"I just ..
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The act of accelerating a less-than stylish car. Usually after being stuck behind a taxi/bus/tractor etc...
Must be said in a bad 1950&..
