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Pastimes : 5spl

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To: Libbyt who wrote (21)5/17/2002 10:54:54 PM
From: LPS5   of 2534
 
Thank you, Libby.

There is an inviolate rule of economics which essentially states (and I paraphrase) that subsidizing a behavior tends to create greater amounts of it, inviting yet another TV-sitcom cameo appearance by that great wealth-maker and career-taker, the Law of Unintended Consequences.

And that encapsulates the moral hazard of bailing investors out of what are typically self-induced miseries.

LP.
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