@drethelin @GabrielDuquette That assertion seems to be common wisdom, which baffles me because it's manifestly wrong.
-
-
Replying to @drethelin
@drethelin Which is stupid; profit is the signal by which corporations orient themselves. W/o profit, deadweight loss expands without limit.2 replies 0 retweets 0 likes -
Replying to @drethelin
@drethelin Insurance manufactures enormous amounts of wealth from thin air via pooling and thus offsetting global risk.2 replies 0 retweets 0 likes -
Replying to @St_Rev
@St_Rev@drethelin the thing is, the org in the best position to pool and offset risk is the government. hence, national healthcare.1 reply 0 retweets 0 likes -
Replying to @admittedlyhuman
@admittedlyhuman@drethelin No. Two words: flood insurance.1 reply 0 retweets 0 likes -
Replying to @St_Rev
@St_Rev@drethelin raise property tax on floodprone property2 replies 0 retweets 0 likes -
Replying to @admittedlyhuman
@admittedlyhuman@drethelin Flood insurance is federalized in the US. It has had the effect of subsidizing people to build in flood plains.1 reply 0 retweets 0 likes -
Replying to @St_Rev
@St_Rev@drethelin raise property tax on floodprone property (Whoops! You already tweeted that...)4 replies 0 retweets 0 likes
@admittedlyhuman @drethelin OR have a market in flood insurance, which accomplishes the same goal in an astronomically more efficient way.
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.
. Banned in Sweden. SubGenius, Zhuangist, white-hat troll. Defrocked mathematician. Brain problems.