道德冒险也是有时间尺度的——眼前人受益，承担后果的人将是现在的儿童这一代或者尚未出生的一代，所以我们听不到反对的呼声。
Moral hazard also has a time dimension - the benefits are now the costs are born by generations who are still children or who are not alive yet, so have no voice.
及时的救助计划可以暂时阻挡灾难的发生，它还是会造成巨大的问题——道德风险：如此明显的安全网会鼓励冒险行为。
Even if it staves off disaster, the bail-out will cause huge problems. It creates moral hazard: such a visible safety net encourages risky behaviour.
因此，监督不利自然会激励十分冒险的行为——即道德沦丧。
So incentives towards excessive risk-taking will be a natural consequence of this regulatory failure – a symptom of moral hazard.
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