Tag Archives: monopolies
The Invisible Hand: Episode Five – Moral Hazard
“What is a Moral Hazard? To economists, it is a state that exists when people tend to take more risks knowing that someone else will bear the costs.” [The Invisible Hand: Episode Five – Moral Hazard] Couldn’t one say that this is the crux of what is wrong with our fetishism with unbridled capitalism? We […]
Cutting Your Cable is a Bad Idea…Yeah, Right.
Thinking of cutting your cable? Well that’s a bad idea – Globe & Mail Video I call BS. Only 1.3% of Canadians have cut off their cable? Where are they getting their statistics? Who is this Steve Ladurantaye? Apparently, he’s a journalist with the Globe & Mail. The piece didn’t look at other legitimate options […]