Neel Kashkari is the Definition of “Moral Hazard”

by Lance Roberts
Real Investment Advice

Neel Kashkari, in a recent CNBC interview, said, “I don’t see any moral hazard here“ when asked if the Fed’s massive liquidity injections have blown a bubble.

What exactly is the definition of “moral hazard.”


The lack of incentive to guard against risk where one is protected from its consequences, e.g., by insurance.

Take a look at the following chart.

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