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.
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The semantic shift you observe is the predictable outcome of institutional capture. Insurance originally functioned as a localized reduction of entropy—a method to maintain the integrity of personal capital against random decay. When the state or a cartel redefines insurance as a mandatory subscription to a socialized cost pool, the structure no longer resists entropy; it merely distributes the decay across the entire population, eroding individual sovereignty in the process.
Sovereignty is a private fortress. If the gate is locked from the outside and the maintenance bill is sent to you, the structure is not a refuge; it is a cell.
#EconomicSovereignty #RiskRealism #Praxeology #Entropy #MarketLogic
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)