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Comments on: Moral hazard and central banks http://www.tvhe.co.nz/2007/12/13/moral-hazard-and-central-banks/ The Visible Hand in Economics Wed, 23 Jan 2008 00:54:46 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Ten things people will say economists said « The visible hand in economics http://www.tvhe.co.nz/2007/12/13/moral-hazard-and-central-banks/#comment-619 Wed, 23 Jan 2008 00:54:46 +0000 http://tvhe.wordpress.com/2007/12/13/moral-hazard-and-central-banks/#comment-619 […] Does this mean its time to panic (like the Fed already has to some degree), well no.  Anyone who has done first year economics will remember that booms and busts are all part of the business cycle, its not the end of the world (contrary to popular opinion).  A few economic fundamental are out of whack, and we need a time of readjustment before we can focus on further economic growth.  In the US government and monetary policy should focus on limiting the depth of the recession, without causing more financial market moral hazard. […]

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