Quotation by

Eliot Spitzer

Don't reward bad behavior. It is one of the first rules of parenting. During the financial cataclysm of 2008, we said it differently. When we bailed out banks that had created their own misfortune, we called it a 'moral hazard,' because the bailout absolv

Eliot Spitzer

Parenting

Understanding this quote AI Analysis

Eliot Spitzer compares parenting to financial decisions by emphasizing that giving rewards or help to those who cause their own problems encourages bad habits. In 2008, rescuing banks that made risky choices was seen as creating a "moral hazard," meaning it punished responsible behavior by protecting those who acted irresponsibly.

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