Terrible analogy. The insurance in the case of banking deposits changes human behavior to entice them to leave the money in the bank. History shows it. Fire on

Terrible analogy. The insurance in the case of banking deposits changes human behavior to entice them to leave the money in the bank. History shows it. Fire on the other hand isn't aware of insurance, and if anything it makes humans less careful and your house more likely to burn. This "don't underestimate the stupidity..." might feel like a clever or wise speech to give, but history suggests the FDIC has been incredibly successful at reducing bank runs. Insert "those who don't learn history...." speech here.