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Safety Nets And Their Cost

Wednesday, September 28, 2011 - 7:45 AM
From the NYT Economix blog:
Safety-net programs have what economists call “moral hazard” as an unfortunate byproduct: recognizing that the government is standing by to help, some people do too little to take care of themselves.

Ken TuminKen Tumin5,472 posts since
Nov 29, 2009
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