The Center for Freedom and Prosperity created this easy lesson plan to explain “moral hazard.” Think of it like going to a casino to gamble with someone else’s money, while getting to keep all the winnings and not having to pay back any money lost. They take the risk, you reap the reward. It’s a great deal if you’re not the one footing the bill.
If you think the politicians controlling DC have learned the lesson, think again!
Very good LC, but even the Canadians know. Especially read the text in the end.
http://www.youtube.com/watch?v=cMnSp4qEXNM&feature=player_embedded
As an American, I’m feel cheated, embarassed and shamed by the likes of Frank and Dodd.
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I did a bunch of posts on the topic back in 2008 and early 2009. I inlcuded the video you linked to. This is the sort of thing too many people are unaware of. They keep getting away with it. This is just one of the ways they’ll achieve “social justice.”
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“This is just one of the ways they’ll achieve “social justice.””
This is one of the ways they WOULD LIKE to achieve it, but they won’t. We’re on the road to stopping them, right?
Right!!
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YES!
“Live Free or Die”
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Economics? Puleeez!
Dems/Libs/Progs take I’m OK You’re OK, feel good, America is bad, white people are mean type courses in college.
Too much Freudian Frizbee and NOT enough economics.
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