Midknight Review -- new and revised: Center for Freedom and Prosperity - Economics 101 and Obama's defeat of "Moral Hazard." Watch and learn.

Center for Freedom and Prosperity - Economics 101 and Obama's defeat of "Moral Hazard." Watch and learn.

Executive Summary: This CF&P Foundation's Economics 101 video discusses the Moral Hazard, which occurs when bad choices are subsidized. This often happens when government intervention lets people take risks while having little or no skin in the game. Housing policies, for instance, subsidized mortgages, thus enabling irresponsible borrowing and leading to bubbles and bailouts. Politicians may be setting the stage for the next crisis with a too big to fail policy that will subsidize the biggest financial institutions. (January 11, 2010) 3:38 minutes

Source. The Center for Freedom and Prosperity is a member of our blogroll at top of page but the heads up for this video came from Hack Wilson. Thanks.
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The Stated Nonsense from the Left now includes these Progressive goals:

July 2, 2008, Obama had this to say: "We cannot continue to rely only on our military in order to achieve the national security objectives that we've set. We've got to have a civilian national security force that's just as powerful, just as strong, just as well-funded."

MICHELLE OBAMA: "Barack knows that we are going to have to make sacrifices; we are going to have to change our conversation; we're going to have to change our traditions, our history; we're going to have to move into a different place as a nation."

“ . . . . . . they have become a generation of activists possessed with that most American of ideas – that people who love their country can change it.” -- Obama the Radical

On September 30, Van Jones told MSNBC "I think everybody should hold onto your seats. October is going to be the turning point when it comes to the progressive fight back."

Midknight Review -- new and revised

Center for Freedom and Prosperity - Economics 101 and Obama's defeat of "Moral Hazard." Watch and learn.

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