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It's a form of insurance payment, wherein the insurer of last resort (the state) covers what private insurers don't because they can't. No insurance policy cov
by himinlomax 7y ago
It's a form of insurance payment, wherein the insurer of last resort (the state) covers what private insurers don't because they can't.
No insurance policy covers war. This is pretty much like a war. It's uninsurable because it affects everyone.
Bailouts in 2020 are not gifts to the reckless rich like in 2008, they're like the Marshall plan.