As the U.S. Federal Reserve rolls out trillions of dollars to blunt the economic fallout of the coronavirus pandemic, there’s a notable difference to the last financial crisis: close to zero concern over “moral hazard” – the sticky business of bailing out those whose dilemma is of their own making.
— Read on www.reuters.com/article/us-health-coronavirus-fed-moralhazard-an/seen-everywhere-in-last-u-s-crisis-moral-hazard-is-nowhere-in-this-one-idUSKCN21U0GV
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