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The Rational Walk's avatar

“More de­posit in­sur­ance—even if merely im­plied, rather than writ­ten into the rules—means even more reg­u­la­tion, to at­tempt to counter the moral haz­ard. More reg­u­la­tion means higher costs, less com­pe­ti­tion and credit that is harder to ob­tain, as well as more bu­reau­cracy.”

https://www.wsj.com/articles/there-is-a-cost-to-moral-hazard-5dee199

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