Rethinking the Role of Uncertainty in Fiscal Federalism's Moral Hazard Problem: A Comment on Fiscal Federalism's Bailout Game and its Application to the Jacksonian Era State Debt Crisis.

A conference paper about the role of uncertainty in federalism's bailout game and its application to the Jacksonian era state debt crisis prepared for the presentation at the Southern Political Science Association Meetings in January 2013, is presented. Topics discussed include role of a political party during a fiscal crisis, bailouts and its implications for fiscal federalism and the Movement for Assumption in 1842-1843.