we have a video of the debate if he would like to bet some money on this. make sure you get an independent arbitrator tho.
my guess is he is wildly misinterpreting our opposition to the IMF forcing the Indonesian, Korean, etc. governments to pay off the bad loans made by private international banks to private creditors. this has nothing to do with "moral hazard," we just don't like the redistribution of income from Korean taxpayers to private banks.
-- Michael Perelman Economics Department California State University Chico, CA 95929
Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu