'Child poverty' is the new term for 'moral hazard' :
In economic theory, a moral hazard is a situation in which a party is more likely to take risks because the costs that could result will not be borne by the party taking the risk.(Had a call from Leighton Smith's producer to ask if I'd have chat with him about child poverty on the back of the UNICEF a report and I couldn't resist dropping my thought in. He laughed. He doesn't laugh enough. Not on air. His serious demeanour probably masks a sense of humour. Mine does.)
Cam over at WhaleOil has made the point that "child poverty" is the new "global warming".
ReplyDeleteI agree with him.
With the lefties getting more push-back against so-called "global warming" they are now pushing the "child poverty" wheelbarrow more and more.