Am I the only one who thinks that &quot;rent-seeking&quot; is a wildly misleading name for this phenomenon? To normal people, &quot;rent-seeking&quot; means &quot;looking to collect on a payment for leased property&quot;.<p>Same for &quot;moral hazard&quot;. I&#x27;m not sure what phenomenon that phrase should be applied to, but it certainly shouldn&#x27;t be applied to the phenomenon of people taking more risks because they won&#x27;t have to deal with the fallout. That phenomenon should be called something like &quot;risk asymmetry&quot;.