YAL in Action

Check out YAL activities on campus and updates from around the liberty movement.

Tag: Moral Hazard
  • Moral Hazard — Cancer to the Economic System

    Moral Hazard:  lack of incentive to guard against risk where one is protected from its consequences, e.g., by insurance. Moral hazard is a growing problem in our economic system. The recession is often attributed to faults in the “free market” or “lack” of regulations on corporations, which allows these greedy, unrestrained businesses to gain too …

  • The Implications of Federal Education

    The U.S. Department of Education was established on May 4, 1980 with its primary objective being to “[assure] access to equal educational opportunity for every individual,” as well as to improve educational quality across America. One of the largest arguments for the creation of a federal department, however, was to coordinate the federal loan programs …

  • Government Manipulating the Market

    This is a great video which shows how the government manipulates the market and so produces adverse consequences:

  • Bunning on his opposition to Bernanke: “In short, you are the definition of moral hazard.”

    Click below the jump to read the full text. Four years ago when you came before the Senate for confirmation to be Chairman of the Federal Reserve, I was the only Senator to vote against you. In fact, I was the only Senator to even raise serious concerns about you. I opposed you because I …