The area where we probably had the most kind of letdown is in some of our earlier portfolios where I think Jeff highlighted well the fact that because — really what you're seeing is
moral hazard at work.
Not exact matches
Despite all the whining about
moral hazard, bubbles and debt, fed policy has been a resounding success
at helping turn the boom - bust cycle into mostly a boom — with very brief recessions in - between.
The general «
moral hazard» of managing one's own currency is that you can pay your short term bills and promote short term employment
at the expense of long term inflation.
Given that East Bankers are fearful of empowering Palestinians
at their own expense, they continue to limit the extent of their desired political reforms, increasing the
moral hazard of the principal - agent contract.
A subtle version of
moral hazard was
at work ahead of the financial crisis.
Substance Abuse / Chemical Dependency: The consumption of alcohol or other chemical agents
at dosages that place a person's social, economic, psychological and physical welfare in potential
hazard, or endangers public health,
morals, safety or welfare, or a combination of these.
There is an inherent
moral hazard involved in issuing a renters insurance policy without any payment, because it gives an incentive to
at least some insureds to create losses that wouldn't otherwise have happened, because they haven't paid anything towards the policy and it looks like «free money.»
Governments and central banks may try to eliminate the negative part of a cycle of cycles, but it is
at a price to taxpayers, savers, and increased
moral hazard.
If the interbank rate trades
at a higher level than the Fed funds target, then liquidity injections represent NO
moral hazard whatsoever.
«If people think they can take out a bad mortgage and they get bailed out, that's called
moral hazard in social insurance and it's a very bad thing,» says Thomas Davidoff, an assistant professor in the Haas Real Estate Group
at UC Berkeley.
Russell wrote: «It seemed a cultural enterprise
at once oversubscrbed, under criticized, and oblivious to the
moral hazards of casually presuming the legitimacy of social engineering in the service of scientism.»
The «
moral hazard» argument against CDR goes something like this: CDR could be a «Trojan horse» that fossil fuel interests will use to delay rapid decarbonization of the economy, as these fossil interests could use the prospect of cost - effective, proven, scaleable CDR technologies as an excuse for continuing to burn fossil fuels today (on the grounds that
at some point in the future we'll have the CDR techniques to remove these present - day emissions).
The key problem with this «
moral hazard» argument is the hypothesis that «cost - effective, proven, scaleable CDR solutions» are poised to proliferate
at greater rates than GHG emission mitigation technologies (such as renewable energy and energy efficiency) that are required to decarbonize our economy.
In conclusion, it's simply not worth worrying about a «
moral hazard» problem that we won't have for
at least decades, and are most likely to never have all — especially when the problems of not developing CDR solutions today could be much more severe.
This # 9m scheme is looking
at everything from how feasible negative emissions technologies will be, to what might happen if we try to use them, as well as the «
moral hazard» of assuming such options will become available instead of cutting emissions faster now.
Second, both sets of intervention also bring some similar ethical risks, such as potential for certain forms of «
moral hazard»: the likelihood that rates of emissions mitigation will be lower than otherwise, in the belief that SRM or CDR can rectify the «overshoot»
at some future date.
David Keith collected his jiggerish, and agreed that it was a good decision... No
moral hazard there
at all...
Substance Abuse / Chemical Dependency: The consumption of alcohol or other chemical agents
at dosages that place a person's social, economic, psychological and physical welfare in potential
hazard, or endangers public health,
morals, safety or welfare, or a combination of these.
There is an inherent
moral hazard involved in issuing a renters insurance policy without any payment, because it gives an incentive to
at least some insureds to create losses that wouldn't otherwise have happened, because they haven't paid anything towards the policy and it looks like «free money.»
In addition, the lender faces the risk that the value of the property underlying the mortgage could drop in value to below the outstanding balance on the mortgage; if this event induces the borrower to default due to
moral hazard, the lender must not only incur the costs of implementing a foreclosure but also must sell the property
at a price that fails to recoup the lender's investment.