If all you had to do to get rich were to respect the moral rules it would not be a moral system.
The philosophical way that Bush should sell his tax-cut extension is to remind us that democratic capitalism is the most moral system yet invented.
Molyneux would famously promise that you could do ANYthing in his games, as he was one of the first to really expand on the moral choice system that now pervades most titles.
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She urged the committee to be clear about their intentions, and spell out the clear "philosophical and moral" principles the system should be based on.
In short, the over-insured depositors are the banking system's moral hazard.
Mr Bronk says that utilitarianism (the idea that society should aim to achieve the greatest good of the greatest number) supplied Smith (who explained the market system) with moral content.
Whether you agree with its values or not, capitalism is a system positively bulging with moral content.
The affair, most French people seem to think, has exposed a moral and legal gap in the system.
Once the rules that govern the system are broken, moral hazard ceases to be an impediment, a circuit breaker.
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After all, that's what happened to the last great moral issue to rattle the American party system: alcohol prohibition.
As Nikki White's experience demonstrates, it's fundamentally a moral problem: We've created a health care system that leaves millions of our fellow citizens out in the cold.
They are a walking, talking, screaming moral hazard that's been in the American financial system for 70 years because they are exactly what I described - a private company that gets the benefit of any risks, but the government, for 70 years, has told the world - like you said, with a wink and a nudge - we're going to take care of them if anything bad happens.
Mr. Obama has at last joined the most important policy discussion: How to eliminate the moral hazard now embedded in the U.S. financial system.
This is probably why the Ayn Rand Institute, that flagship of right moral political philosophy, migrated its support from the gold standard to a system of free banking with private currencies.
Not better generals and or a higher moral ground, but because of better infrastructure, including a more developed rail system and the use of the nascent telegraph to communicate with commanders in the field.
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But he insisted the market economy was the most successful system yet devised for improving living standards, and that there was a moral imperative to create wealth.
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The time to worry about moral hazard is between financial crises, when policy makers have an opportunity to change the incentives of the financial system.
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