Archive for the ‘incentives’ tag
Moral Hazards
Much of the furor over the housing/lending/banking/bailout “crises” was a lack of general understanding about what was to blame. Politicians seized the moment of confusion, and set about their predictable path of demagoguery and power acquisition, “for our own good.”
I’m glad to see others (like the Center for Freedom and Prosperity Foundation) are using simple language to explain what used to be common sense.
