Counterparties that cannot obtain sufficient information should limit more strictly the amount of credit they supply through, for example, requiring higher margins. In a market-based system, sound risk management by all market participants is essential to protect against the risk that a low-probability--or “tail”--event could cause a financial crisis. Such practices enhance financial stability without increasing moral hazard.
This is essential to ensure that any fresh spurt of economic growth is channeled into a sustainable path and does not end in further land and human degradation. Otherwise, we shall hand over to our children a country whose famed natural beauty has been sadly overwhelmed by infrastructure and blighted by urbanisation.