Quotes & Sayings About Moral Hazard

We need sometimes to escape into open solitudes, into aimlessness, into the moral holiday of running some pure hazard in order to sharpen the edge of life, to taste hardship, and to be compelled to work desperately for a moment at no matter what. — George Santayana

Those with health insurance are overinsured and their behavior is distorted by moral hazard. Those without health insurance use their own money to make decisions based on an assessment of
their needs. The insured are wasteful. The uninsured are prudent. So what's the solution? Make the insured a little more like the uninsured. — Malcolm Gladwell

I'm interested in the limits of personality, in the possibility of change, and the saving power of art. Do powerful works of art raise our consciousness to such a degree that we refrain from sliding into moral hazard? Do we take note? Or are we doomed to repetition? — Adam Ross

Because the lenders sold many - though not all - of the loans they made to other investors, in the form of mortgage bonds, the industry was also fraught with moral hazard. "It was a fast-buck business," says Jacobs. "Any business where you can sell a product and make money without having to worry how the product performs is going to attract sleazy people. — Michael Lewis

Tell me, who's to be the new Secretary of Agriculture?" "Mr. Clement, of Ohio." I doubted that was the case, but I'd unfortunately chosen as a test a question I wasn't myself prepared to answer. "There is another possible explanation, Emmie." "Explanation of what?" "Explanation as to why these cases may be unrelated." "And what is that?" "Moral hazard." "And what is moral hazard? — Robert Bruce Stewart

There is a major disaster when a person allows some success to become a stopping place rather than a way station on to a larger goal. It often happens that an early success is a greater moral hazard than an early failure. — Bill Vaughan

I prefer to be true to myself, even at the hazard of incurring the ridicule of others, rather than to be false, and to incur my own abhorrence. — Frederick Douglass

Embryonic stem cell research is at the leading edge of a series of moral hazards. — George W. Bush

Don't reward bad behavior. It is one of the first rules of parenting. During the financial cataclysm of 2008, we said it differently. When we bailed out banks that had created their own misfortune, we called it a 'moral hazard,' because the bailout absolved the bank's bad acts and created an incentive for it to make the same bad loans again. — Eliot Spitzer

Ratings agencies are highly conflicted, unimaginative dupes. They are blissfully unaware of adverse selection and moral hazard. Investors should never trust them. — Seth Klarman

As we try to make the financial system safer, we must inevitably confront the problem of moral hazard. — Ben Bernanke

Market discipline can only limit moral hazard to the extent that debt and equity holders believe that, in the event of distress, they will bear costs. — Ben Bernanke