Ethics of educating consumers

Guest perspective: Do we institutionalize system of rights and duties in mortgage lending?

Macroeconomic policy regarding the balance of responsibility between professionals and consumers is constantly oscillating between two poles. The extreme position is to hold either side completely responsible for any harm that occurs in a transaction. Outside of strict products liability (and similar cases), the law tries to strike a balance by holding both sides responsible in some proportion to promote both justice and economic utility.