Moral hazard Archives - Page 4 of 29

The Bakken Boom Goes Bust With No Money to Clean up the Mess

How the Bakken oil boom, particularly hasty development and transport by rail, was destined to create an environmental hangover…..and no one bothered to prevent it.

“Warren’s Eviction Bill Is Economically and Politically Savvy”

Why Warren’s eviction bill, which calls for a one-year eviction freeze, does not go far enough to save homeowners, tenants, and businesses.

The Good, the Bad, and the Ugly About the Fed’s New Credit Allocation Policy

Why using credit as an economic remedy evenutally does more harm than good.

Wolf Richter: How Ratings Agencies Inflate Credit Ratings to Get Deals & Fees

Haven’t we already seen this movie? Race to the bottom in gaming credit ratings agencies for commercial real estate Collateralized Loan Obligation deals.

Gene Editing Could Help Save the Planet — If Scientists Can Avoid the Typos

Gene editing does not always work as advertised. And that’s before getting to the fact that genetically modified crops have been found to be less robust than native strains.

Carbon Dividends: A Plan for Earth’s Survival that Can Survive U.S. Politics?

Yves here. Carbon dividends are a way to create support for setting a price for carbon. None other than those starry-eyed granola heads at Financial Times called for setting a price for carbon in 2007. Pigovian taxes (ones meant to discourage activity, like transactions taxes) should typically not be seen as revenue generators, since you […]