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moral hazard
Posted on: November 16, 2020 at 16:30:50 CT
phrejd STL
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i'm not a fan of bailing out stupid people who can't manage their personal finances. especially when this is likely the first real financial decision many of these folks have ever made. creates a bad set of expectations for their futures.
i'm also not fond of bailing out adults who made terrible decisions with their shareholders' money and as a result tanked entire industries.
but in both instances i understand the practical need. there are consequences to both sides of it. but in both scenarios, i'd prefer they pursue bankruptcy rather than a "get out of debt free" card. at least that creates a disincentive.
i'm also not fond of bailing out adults who made terrible decisions with their shareholders' money and as a result tanked entire industries.
but in both instances i understand the practical need. there are consequences to both sides of it. but in both scenarios, i'd prefer they pursue bankruptcy rather than a "get out of debt free" card. at least that creates a disincentive.
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moral hazard - phrejd MU
- 11/16 16:30:50