Home Insurance is a Really Big Problem

A moral hazard exists when organizations and individuals are not required to bear the negative consequences of their failures.

many of our institutions are barriers to achieving market-driven preferences. How we should change them is the subject of the last chapter.

governments and society respond, increasing pressures from investors and employees are changing global business attitudes, with the most exposed sector, insurance, showing perhaps the deepest concern. The largest of the world’s reinsurers, providing insurance policies to thousands of other insurers, Munich Re has stated that a two degree warmer wor

A short-lived capital stock will manifest in accelerated depreciation and a fragile capital structure will incur an undue interest charge.

A short-lived capital stock will manifest in accelerated depreciation and a fragile capital structure will incur an undue interest charge.