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0 pointstamana9y ago0 comments

Insurance isn't magic pixie dust, it just moved the cost around.

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If the organization underwriting the insurance is implicitly and explicitly insured (too big to fail) by the US govt, it might as well be magic pixie dust!

TrevorJ9y ago

That really just highlights how scary fiat currency is.

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Phlarp9y ago

If the organization underwriting the insurance is implicitly and explicitly insured (too big to fail) by the US govt, it might as well be magic pixie dust!

TrevorJ9y ago

That really just highlights how scary fiat currency is.

j / k navigate · click thread line to collapse