NCPA Media: NCPA in the News
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Sep 24, 2008 Revisiting Moral Hazard
Don't get me wrong. I'm not going soft on moral hazard, the idea that people behave recklessly if they don't have to deal with the consequences of their actions. But I do think moral hazard is often misunderstood, rarer than we think, and feared more than necessary. And unlike many experts out there, I find little moral hazard in the recent interventions by the Treasury and Federal Reserve.
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Sep 23, 2008 Mike Gallagher Show - September 23, 2008
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Sep 22, 2008 NPR - September 22, 2008
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Sep 15, 2008 Why Mark To Market?
I was afraid of accounting in school; I still am. Back then, I feared it would wreck my grade point average; today, I fear it will wreck our financial system.
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Aug 25, 2008 Free to Choose? Maybe Not in American Academia
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