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- Search found 2 items for:
- Hans-Hermann Hoppe
- Financial Markets
Mises Daily
Author:
Hans-Hermann Hoppe
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Any insurance involves the pooling of individual risks. Under this arrangement, there are winners and losers. Some of the insured will receive more than they paid in premiums and some will pay more into the system than they ever get back. This is a form of income redistribution from the healthy to the sick, but the characteristic mark of insurance