It took me many years to understand the phrase "moral hazard." It's a fundamental tenet of economics, usually used to explain that, since consumers are untrustworthy, businesses need to charge them more.*It was finally cleared up for me in the midst of a presentation last year about how it's a "moral hazard" issue that divorce rates go up as more women work outside of the house/family business. So I asked the presenter, "You mean it's a moral hazard issue that women who have an independent...
