Question: Paul, Thank you for your excellent explanation of moral hazard. I checked many other sources before I found your website and only found confusing definitions. The main problem is that the phrase “moral hazard” does not seem well…

Paul Solman: Case and Shiller, the economists of the fabled Standard & Poor’s/Case-Shiller Housing Index, appear together for the first time on the NewsHour Tuesday night, taking us all on a tour of Atlanta, Georgia, and its housing woes.