sins

Moral Hazards in the Marketplace

Exterior moral hazards abound these days.  From individuals to financial institutions to sovereign nations, it seems that there is an increasing need to be bailed-out and to have debt forgiveness. Moral hazards most often occur when parties who are largely insulated from risk behave differently from the way they would normally behave if they were fully exposed to the risk. […]

Easter Joy!

I LOVE spring!  Even in North Dakota where waiting for the weather to line up with the calendar demands keeping snow shovels handy, I still love spring.   It’s a time of new beginnings and freshness, a time of resurrection, and a time of the Easter season.   By now, New Year’s resolutions have either made their way into our lives or […]