Exterior moral hazards abound these days. From individuals to financial institutions to sovereign nations, it seems that there is an increasing need to be bailed-out and to have debt forgiveness. Moral hazards most often occur...
Read MoreThe headline jumped out at me: “Fed official says tax code provides incentives to carry debt.” For the past several years, the topic of debt has become increasingly important, for individuals, organizations, even nations. That...
Read MoreShort-term profits and “pay for performance” carry far more weight in our capitalistic system than does “doing the right thing” and placing people over profits. Truly, the current hallmark of capitalism is making a profit and...
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