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Moral Hazard applies when the US Government bails out companies. If you are running a company you can take a lot of risks if you know the US Government will bai
by mateo411 7y ago
Moral Hazard applies when the US Government bails out companies. If you are running a company you can take a lot of risks if you know the US Government will bail you out. The US Government can intervene by providing Works Projects or tax relief, but that doesn't create Moral Hazard