📚 noun • entry_id 51224
moral hazard
Meanings (ES + gloss)
riesgo moral
The prospect that a party insulated from risk may behave differently from the way it would behave if it were fully exposed to the risk.
And what about moral hazard—or concern that protecting the system, however errant the behaviour of certain bankers, will encourage more folly in the future?
I go to a lot of pro-market think tank events where one speaker or another blames the financial crisis and the current recession on moral hazard, as well as basically everything el…
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