@drethelin Insurance manufactures enormous amounts of wealth from thin air via pooling and thus offsetting global risk.
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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 -
Replying to @admittedlyhuman
@admittedlyhuman@drethelin I can go into tons of detail here if you want, but it's going to go way past 140 characters.1 reply 0 retweets 0 likes -
Replying to @drethelin
@drethelin Ultimately it's a topic that I would like to discuss in the 'Rev Studies Mathematical Finance' series. I have notes but...1 reply 0 retweets 0 likes
@drethelin ...the middle and upper classes have had effectively socialized non-catastrophic care for 50+ years, so the market in...
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. Banned in Sweden. SubGenius, Zhuangist, white-hat troll. Defrocked mathematician. Brain problems.