A Lesson in Moral Hazard: Why We Should Thank Bernie Madoff

Authors

Walter E. Block
Corey Jones

Abstract

Bernie Madoff is akin to the canary that miners bring to their jobs for safety. He resembles the Distant Early Warning System that was installed to protect the U.S. from attack. He has not been appreciated as such. It is time, it is past time, that he be "credited" with this important role he has played.

Recommended Citation

Block, Walter E. and Jones, Corey (2021) "A Lesson in Moral Hazard: Why We Should Thank Bernie Madoff," Touro Law Review: Vol. 37: No. 1, Article 4.
Available at: https://digitalcommons.tourolaw.edu/lawreview/vol37/iss1/4