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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Quote

‎"At some point we must draw a line across the ground of our home and our being, drive a spear into the land and say to the bulldozers, earthmovers, government and corporations, “thus far and no further.” If we do not, we shall later feel, instead of pride, the regret of Thoreau, that good but overly-bookish man, who wrote, near the end of his life, “If I repent of anything it is likely to be my good behaviour."

~ Edward Abbey