"Moral hazard is when a person or persons act differently when they are not exposed to the consequences of their actions.
- Student loan "bailouts" are examples of moral hazard.
- Letting criminals off without detention is moral hazard. Releasing illegal aliens with no expectation of deportation is moral hazard.
- Fani Willis is a walking moral hazard.
In a way, moral hazard explains our federal government and its attendant bureaucracy, but in the linked case below, it indicates what happens when we dole out unearned money to people who have no skin in the game.
FOXNEWS.COM - Democratic mayor hands out $10,800 for economic equity program that funds lavish 5-day trip to Miami Washington D.C. Mayor Muriel Bowser's no strings attached
FOXNEWS.COM - Democratic mayor hands out $10,800 for economic equity program that funds lavish 5-day trip to Miami Washington D.C. Mayor Muriel Bowser's no strings attached
No comments:
Post a Comment