The Great Moral Hazard
Menckens GhostThe difference between run-of-the-mill moral hazards and The Great Moral Hazard is that the latter is so widespread that it has bankrupted the country fiscally and morally.
The difference between run-of-the-mill moral hazards and The Great Moral Hazard is that the latter is so widespread that it has bankrupted the country fiscally and morally.
