Identify Any Fallacies in the Following Passage Either by Naming

question 139

Essay

Identify any fallacies in the following passage either by naming them or, where they seem not to conform to any of the patterns described in the text, by giving a brief explanation of why the fallacious reasoning is irrelevant to the point at issue.
"Sure, driving after you've been drinking can get you into trouble with the law, but if you're careful and stay in control I don't think there's anything wrong with it. What makes something like that wrong is endangering others; so as long as you haven't drunk enough to impair your control, you aren't doing anything wrong."

Determine equivalent interest rates across different compounding intervals.

Calculate time to maturity for bonds and investments.

Convert between simple annualized yields and effective annualized yields.

Calculate annualized rates of inflation using the Consumer Price Index.