"...Insurance is supposed to be for somewhat unlikely events that would be devestating if they were to occur. It's supposed to be cheap enough so that it's better to pay the premium than take the risk. How come I learned this in Economics 101 but people coming up with this stuff are clueless?
I don't even know if they are required to take Econ 101 anymore (and if they are, who knows what the Marxist professors are really teaching them?). The extent of their economic "knowledge" is basically reading whatever fact-twisted hairball Paul Krugman has coughed up today.
“I don’t even know if they are required to take Econ 101 anymore...”
Shoot...they can’t even balance a checkbook.
Of course, if I could print money, I’d probably never balance MY checkbook again, either.