Econ 101: the perils of Moral Hazard

I’ve occasionally posted videos from the Center for Freedom and Prosperity, an ally or affiliate of the libertarian Cato Institute, that touch on aspects of economics and why government intervention in the free market often causes more problems than it solves. In this offering, the speaker discusses “moral hazard,” in which government interventions provide incentives for people to engage in irresponsible behavior:

What I like about this series is that it teaches economics by focusing on human behavior, rather than abstruse formulae and obscure jargon, and I recommend taking the time to watch them all.

(Crossposted at Sister Toldjah)

One Response to Econ 101: the perils of Moral Hazard

  1. […] This post was mentioned on Twitter by Beregond, Phineas Fahrquar and Phineas Fahrquar, cat . cat said: RT @irishspy: Public Secrets #tcot Econ 101: the perils of Moral Hazard: I’ve occasionally posted videos from the Center for Fre… http://bit.ly/c5NOP5 […]

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