Economic theory is perpetually in danger of being morally hamstrung by this phenomenon.
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But capital is expensive for banks to raise - because it is the money that is (in theory) most in danger of being lost when times are hard.
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My theory is that he succumbed to the danger that hangs over every con artist: He began to believe the con.
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Other critics of the Japanese meltdown theory suggest the country will only be in danger when it starts running a current-account deficit.
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Even so, it seems probable that the liberal theory, like the conservative one, is in danger of being stretched thin.
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If the plane next to him was blown out of the sky, for example, Plank got extra points toward his return home under the theory that he, too, had been exposed to excess danger.
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