Showing posts with label M. Show all posts
Showing posts with label M. Show all posts

Tuesday, February 17, 2009

moral hazard – noun

The risk that an insured party will subsequently, and without due warning, act as if he were insured.

The world has at least as much to fear from a moral hazard fundamentalism that precludes actions that would enhance confidence and stability as it does from moral hazard itself.-- Larry Summers

Wednesday, January 14, 2009

market – noun

A place where marks and their money are soon parted.

The great virtue of a free market system is that it does not care what color people are; it does not care what their religion is; it only cares whether they can produce something you want to acquire. — Milton Friedman, slightly modified.


Friday, October 24, 2008

moral compass – noun

A guidance mechanism that indicates which direction is morally right, so that one can plot the course he wishes to take and tack accordingly.

Sunday, April 20, 2008

misspeak – verb

To say something that garners negative publicity and polls poorly.

Wednesday, March 12, 2008

memoir – noun

A genre of sci-fi fantasy literature that uses first-person narrative.

Monday, December 31, 2007

maverick - noun

A politician who campaigns on a platform of speaking honestly to the public.

Thursday, September 20, 2007

misunderestimate – verb

To underestimate the effectiveness of the stupid.

Saturday, September 1, 2007

mislead – verb

To try to guide towards the truth, but fail.

Thursday, August 16, 2007

mistake – noun

(Origin: Old Norse "to take in error.") Something in one's possession that really belongs to someone else.

Friday, June 29, 2007

mandate – noun

The sweeping authority bestowed on a winning candidate by the quarter of the public who bothered to vote and chose him because he wasn't the other guy.

Wednesday, June 27, 2007

martyr – noun

A jihadist who has taken an early retirement package.

COMMENT: 70 virgins weren't quite convincing enough.

Saturday, June 23, 2007

moral clarity – noun

The superhuman ability to perceive good and evil – properties visible only on the infrared spectrum.

I don't do nuance.