Moral authority entails a moral hazard: the temptation to abuse political and cultural power.
"Again, there's moral hazard issues as to whether you should do that, " Meyer says.
We have what social scientists call a terrific moral hazard problem in Iraq today.
The Eurozone has decided to minimize moral hazard and has chosen Cyprus as its sacrificial lamb.
Whatever other flaws have obviated TARP, historical precedent suggests that the moral hazard issue is overstated.
FORBES: Moral Hazard: The TARP Debate Is Not Finally About Numbers
Many people have blamed incentive compensation and moral hazard for playing key roles in the crisis.
This once again speaks to moral hazard on the part of savers, as opposed to banks.
The other one's moral hazard has shown up just in the last few months.
And fine calculations about moral hazard are less pressing when investors are fleeing risk.
But such an implicit guarantee created moral hazard: heads the bank wins, tails the taxpayer loses.
This would provide an incentive to work rather than tap the account, reducing moral hazard.
Other questions, many of them centred around moral hazard, still need to be answered.
One other consequence of EMTALA, also not often mentioned, is that it creates a moral hazard.
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This kind of moral hazard on the part of companies' management should not go unpunished.
Companies are particularly worried about moral hazard, subsidising bad apples and how much the levy will be.
And there's now moral hazard that's been proven -- in other words, we will bail you out.
The solution to this is deposit insurance but that solution comes with its own problem, moral hazard.
FORBES: Links 25 March: Sense In Cyprus, How To Deal With Both Deposit Insurance And Moral Hazard
The most troubling dilemma that a lawyer friend posed to me is the question of moral hazard.
In any case, the problem of moral hazard can never be eliminated, only suppressed (at a cost).
First, because there was a lot of foreign investment in assets not obviously subject to moral hazard.
Nevertheless, if the market perceives an asymmetry in monetary policy, this is bound to foster moral hazard.
Active labour-market policies are a way to minimise the moral hazard that goes hand-in-hand with comprehensive insurance.
This apparent asymmetry has created a form of moral hazard that encourages investors to take bigger risks.
Striking the balance between short-term systemic instability and long-term moral hazard is hard enough for domestic regulators.
Fears of moral hazard mean less now that all peripheral-country governments are committed to austerity and reform.
Dr. PETER MORICI (Professor of International Business, University of Maryland): It's fraught with moral hazard and social inequities.
Moral hazard and excessive intervention could cause a steep sell-off in Treasury and Dollar markets, causing further panic.
FORBES: After ECB And G7 Commit To Intervene Markets, Will Bernanke Enact QE3?
When moral hazard is in - exists, that's when people take risks, like bank presidents and the like.
Allowing Greece to default and remain in the euro would create a precedent that would increase moral hazard.
WSJ: Agenda: Greek Situation Is Most Serious of Latest Euro Crisis
"The government should avoid moral hazard, " says Kim Joon Kyung, senior economist at the state-funded Korea Development Institute.
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