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Europe's Lack Of Discipline
By socializing the consequences of Greece's misgovernment, Europe has become the world's leading producer of a toxic product -- moral hazard.
No. This distinction belongs to Obama's America. Everything Obama has ever done, every law that he has every signed, every policy he has ever promoted, every statement he has ever uttered, has increased moral hazard.
In fact, his name should be changed to "Barack Hussein Moral Hazard Obama."