Moral Hazard Quotes

• Don't reward bad behavior. It is one of the first rules of parenting. During the financial cataclysm of 2008, we said it differently. When we bailed out banks that had created their own misfortune, we called it a 'moral hazard,' because the bailout absolved the bank's bad acts and created an incentive for it to make the same bad loans again.

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  Eliot Spitzer

  Parenting   Hazards   Moral Hazard  

  3603

• The government can always rescue the markets or interfere with contract law whenever it deems convenient with little or no apparent cost. (Investors believe this now and, worse still, the government believes it as well. We are probably doomed to a lasting legacy of government tampering with financial markets and the economy, which is likely to create the mother of all moral hazards. The government is blissfully unaware of the wisdom of Friedrich Hayek: "The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.")

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  Seth Klarman

  Mother   Believe   Men  

  1306

• Embryonic stem cell research is at the leading edge of a series of moral hazards.

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  George W. Bush

  Science   Cells   Hazards  

  Remarks on Stem Cell Research, delivered 9 August 2001

  3194

• Ratings agencies are highly conflicted, unimaginative dupes. They are blissfully unaware of adverse selection and moral hazard. Investors should never trust them.

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  Seth Klarman

  Agency   Hazards   Moral Hazard  

  "The 20 Forgotten Lessons Of 2008". Seth Klarman's annual letter, www.businessinsider.com. April 28, 2010.

  1354

• I prefer to be true to myself, even at the hazard of incurring the ridicule of others, rather than to be false, and to incur my own abhorrence.

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  Frederick Douglass

  Respect   Fear   Integrity  

  Frederick Douglass (2013). “Narrative of the Life of Frederick Douglass, An American Slave”, p.54, Simon and Schuster

  5173

• Those with health insurance are overinsured and their behavior is distorted by moral hazard. Those without health insurance use their own money to make decisions based on an assessment of their needs. The insured are wasteful. The uninsured are prudent. So what's the solution? Make the insured a little more like the uninsured.

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  Malcolm Gladwell

  Assessment   Decision   Hazards  

  "The Moral-Hazard Myth" by Malcolm Gladwell, www.newyorker.com. August 29, 2005.

  1421

• The government is promoting bad behavior... do we really want to subsidize the losers' mortgages... This is America! How many of you people want to pay for your neighbor's mortgage? President Obama are you listening? How about we all stop paying our mortgage! It's a moral hazard

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  Rick Santelli

  Government   America   People  

  3994

• There is a major disaster when a person allows some success to become a stopping place rather than a way station on to a larger goal. It often happens that an early success is a greater moral hazard than an early failure.

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  Bill Vaughan

  Success   Goal   Hazards  

  3590

• I'm interested in the limits of personality, in the possibility of change, and the saving power of art. Do powerful works of art raise our consciousness to such a degree that we refrain from sliding into moral hazard? Do we take note? Or are we doomed to repetition?

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  Adam Ross

  Art   Powerful   Possibility Of Change  

  Source: therumpus.net

  2882