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re: Does insurance violate the basic laws of economics?
Posted on 3/1/24 at 10:47 am to LSUFanHouston
Posted on 3/1/24 at 10:47 am to LSUFanHouston
Insurance is essentially a legalized Ponzi Scheme when you think about it.
Posted on 3/1/24 at 10:53 am to Terbulance69
Except it isn’t at all, because the carriers have to have reserves that are constantly monitored, the government has guarantee programs if insolvency occurs, and they must buy reinsurance as well.
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