Insurance

Archive for Insurance

Life Insurance: Seceding From the Financial System?

At FEE’s site, I make the case that permanent life insurance is a relatively tame option (as opposed to exotic things like Bitcoin) for seceding from the current system that has trapped so many middle-class Americans. An excerpt: Although Mises refers matter-of-factly to life insurance as a savings vehicle, in the United States it was […]

Are Climate Change Mitigation Policies Like a Form of Insurance?

I argue no. Or at least, if they are, they’re really expensive and very few people would buy them voluntarily. I walk through the numbers here, but a quick sampling: Now ask yourself: Suppose someone from an insurance company came to you in the year 2050 and said, “We’ve run computer models many thousands of […]

ObamaCare Is Just a Stepping Stone to Nationalized Health Care

Home Depot joins the list of employers cutting back on medical coverage for their workers as ObamaCare looms. This should not be surprising: It is a logical consequence of the incentives set up by the scheme, just as surely as colleges are now cutting back on the courses they offer, in order to keep more […]

Does Whole Life Insurance Inefficiently Mix Two Goals?

[NOTE: The following article originally ran in the June 2013 issue of the Lara-Murphy Report.–RPM] Does Whole Life Insurance Inefficiently Mix Two Goals? by Robert P. Murphy June 2013 In last month’s issue of the Lara-Murphy Report, I explained my own history with Nelson Nash’s Infinite Banking Concept (IBC). IBC allows you to “become your […]

Potpourri

==> This was a post I did on ethanol policy and food prices a few weeks ago. There’s a surprise. ==> Don’t worry about ethanol mandates causing high food prices. The US military is here to save the day. ==> There’s a famous econ blogger out there, who thinks the authorities need to boost Aggregate […]

Life Insurance, the Forgotten Savings Vehicle

Most Americans today know precious little of their country’s history, besides things like certain U.S. presidents and big wars. For example, most Americans don’t know that because of Constitutional concerns, the Eisenhower Administration had to cite the need to quickly move tanks and troops around to fend off an invasion, as a national security justification […]