QOTD: Moral Hazard on Trump Steroids

QOTD:  Quote of the Day "Markets are not properly pricing risk, because they really don’t have to. They have assumed that the U.S. government will not allow them to implode, and that assumption is putting the world economy at stake." - Kyla Scanlon,  NY Times “Moral hazard” is a concept in economics and insurance referring…

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