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Guest post from Americans for Prosperity
During the financial disaster on Wall Street a year ago, politicians, economists, and pundits became obsessed with the term “moral hazard,” which occurs when a person, corporation, or other entity makes riskier choices because the consequences have been artificially manipulated. The Wall Street bailout created a moral hazard because it shielded financial institutions from the consequences of their actions. If a corporation knows it would be rescued by the government after making bad decisions, it has fewer incentives to change behavior or learn from mistakes.
During the financial disaster on Wall Street a year ago, politicians, economists, and pundits became obsessed with the term “moral hazard,” which occurs when a person, corporation, or other entity makes riskier choices because the consequences have been artificially manipulated. The Wall Street bailout created a moral hazard because it shielded financial institutions from the consequences of their actions. If a corporation knows it would be rescued by the government after making bad decisions, it has fewer incentives to change behavior or learn from mistakes.
The government takeover of the...
Is Medicare 'Too Big to Fail'?
America wants healthcare REFORM, not REVOLUTION -- and certainly not this 2000+ page monstrosity of a bill. America rejects a government takeover of healthcare because everything Uncle Sam touches turns brown.
Any reform bill starts with these ESSENTIAL provisions:
> America REJECTS the Public Option
> America wants tort reform to stop frivolous medical malpractice lawsuits against doctors
> America wants purchasing healthcare insurance across state lines legalized, to increase choice and...