Comment by Taronar
3 hours ago
I have nothing of substance to add, but that term moral hazard is not being used as intended. it's a term used to describe when you spend someone else's money it actually doesnt have to do with morals.
3 hours ago
I have nothing of substance to add, but that term moral hazard is not being used as intended. it's a term used to describe when you spend someone else's money it actually doesnt have to do with morals.
That is only within the context of economics. Outside of that it is fine to use the common literal meaning. Professions don't get to dictate that their jargon is used by the rest of us, even if they coin the phrase.
I don't think that's the case; "moral hazard" doesn't have a conventional colloquial meaning. If you use the term outside it's technical meaning you're just going to confuse people.
Thanks, I’ll make sure to use the phrase correctly in the future.