no third solution

Blogging about liberty, anarchy, economics and politics

On federally underwritten idiot insurance

December 30th, 2005

Aside from the certain moral hazard presented by Federally underwritten anything, Tim Kern has delivered some powerful insight into the consequences of Nanny-Statism over at Mises.org today. And although his analysis is in response to FEMA’s fumbling of the Katrina/Rita relief efforts, the problems he describes can be ascribed to just about any sort of heavy-handed bureaucracy.

In previous responses to Mssrs. Krugman and Parenti: The solution to the problem is a free market for insurance (and all other things, but thats a topic for another day).

Gone snowboarding for the weekend, and planning a trip to British Columbia in February or March. Enjoy the weekend and drink too much.

no third solution

Blogging about liberty, anarchy, economics and politics