Regulation creates a moral hazard.

Government is a health hazard. Governments have killed many more people than cigarettes or unbuckled seat belts ever have.

If it were not for government regulation of big corporations, executives at companies like Enron, WorldCom, Tyco, they could have cheated investors out of millions.

Lyndon Johnson faced some clear moral issues.

Mistreatment of al Qaeda members and their friends and hangers-on is something I number among my moral concerns. But it's number 1,000,000,001.

Adam Smith is misread as being amoral precisely because people don't read his first book, because they don't read 'The Theory of Moral Sentiments.'