To serious-minded 17th Century men and women, the ephemeral bloom of the gorgeous tulip, and the high price attached to it, symbolised the moraldilemma of conspicuous spending.
But unless the system makes some effort to distinguish between the two, it is hard to see how the grip of the moral-hazard dilemma can ever be loosened.
But he added that his decision on whether to grant federal funding for embryonic stem cell research is the most difficult choice he has to make, because of the dilemma between moral issues of creating human embryos to produce stem cells and the promise from doctors and scientists the research will save human lives.