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.
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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)