From the daily archives: Tuesday, October 19, 2010
Mitigating the “Moral Hazard” of Government Intervention via Wolf/Livestock “Control” & Compensation Programs
Earlier, I wrote about the special treatment ranchers get via private and public compensation programs, and how these government interventions into private property management issues creates what economists call a “moral hazard”, obscuring free-market incentives that would otherwise encourage behaviors that […]
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