2 ms·
Nothing in life is free. There must be balance. Regardless of whether an insurance company is public or private these bedrock issues of “can we remain in the bl
by whalesalad 3y ago
Nothing in life is free. There must be balance. Regardless of whether an insurance company is public or private these bedrock issues of “can we remain in the black?” will remain. A “fiscal institution” that is losing money on claims will fail. Plain and simple.
- uoaei 3y agoAccounting is different when you're a government that issues its own currency. There is no such thing as losing "money" when such conditions exist. I didn't recognize the difference between fiscal and monetary policy until I appreciated this fact -- maybe it will help you too. The perspective then changes to losing domestic economic activity, which would surely occur if lives are ruined because their assets are destroyed before preparations have been made or eventualities prevented.