You wrong/retarded.. maybe both

insurance is a risk pool for a homogeneous group turning unpredictable individual losses to calculated average losses. (which doesn't apply to things like socialized health care for many, many reasons) I think you should re-read what the insurance is. E. g. Mises described that in several of his books.

Ive read mises, applies free market principles to central banking. An insurer holds only a fraction of its liabilities... fiat banking in reverse. Math doesnt lie.

what? mises did? or I should? they did what they always do: changed the terms. insurance nowadays has rarely properties of what I (or anybody sane) would call insurance. if you are fundamentally against insurance on a free market, then that product is not for you.

Insurance is a fraud, like centeal banking. Im not for fraud...

that's just dogmatic. (leaving CB part out as those things are completely orthogonal)