Topic: Moral Hazard

BlackRock CEO Larry Fink describes the current financial situation as a "slow-rolling crisis." Meanwhile, Treasury Secretary Janet Yellen's proposal to guarantee all bank deposits is criticized for creating a massive moral hazard. Critics argue that if all deposits are guaranteed by taxpayers, bank managers will be incentivized to take extreme risks with customer money.

Royce White addresses the "moral hazard" created by individual corruption within government branches. He argues that there is no secular prescription for the ground America has lost and that the only solution is to bring God back into the political sphere. White asserts that the concerted effort to remove faith from public life has directly led to the current state of systemic corruption.