Moral hazard for thee but not for me

Moral Hazard For Thee But Not For Me

by digby

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You are morally obligated not to return property to its owners if the contract to buy it no longer makes economic sense, but very important producers need to be allowed make rational economic decisions for themselves. You see, they need more "flexibility" than you do in order to continue to be the producers who keep you in parasite food. That's called American capitalism.


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