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moral hazard is a concept more applicable at a family and personal level.

"This insecurity, valuable though it seemed in principle, was cherished almost exclusively in the second person, or in the abstract. Its need was thought urgent for inspiring the efforts of other persons or people in general. It seldom seemed vital for the individual himself."

- Galbraith

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Fri Apr 1st, 2011 at 06:19:54 AM EST

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