“Economists Warn of Moral Hazard” WSJ, paper edition, A14 February 11, 2010 This article puts before us the broader question of what is the basis for moral hazard.  The setting of the article is the potential bailout of Greece’s government issued debt by the European Union (EU).  A bailout without proper punitive measures raises the potential that other countries may [...]

Haiti and the Voodoo Curse WSJ, paper edition, A13, February 7, 2010 Does religion have real consequences in culture and its business practices?  ‘You betcha.’ Lawrence Harrison observes that Haitian culture is greatly influenced by voodoo, “It’s followers believe that their destinies are controlled by hundreds of capricious spirits who must be propitiated through voodoo ceremonies.”  Now, despite billions of [...]