REASON:The state acts as the insurer of last resort. The mechanism of insurance is the court and the suit. The state-insurer seeks to reduce insurance claims in court by prior restraint (regulation). Especially those where restitution is time consuming, expensive, or impossible.
Source date (UTC): 2022-12-05 04:50:12 UTC
Original post: https://twitter.com/i/web/status/1599627173928714240
Reply addressees: @BobMurphyEcon
Replying to: https://twitter.com/i/web/status/1599623729105244160
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