Free Capitalist Network - Community Archive
Mises Community Archive
An online community for fans of Austrian economics and libertarianism, featuring forums, user blogs, and more.

Search

  • Re: Undercutter war insurance agencies

    To Merlin: I don't understand. Lets take San Diego. The defense insurance agencies must defend all of San Diego, the entire city. They cannot just defend the insured blocks. I don't know what other than a collective standing army can stop the invasion in a comfortable manner. I do not doubt that guerilla defense would succeed, but all states
    Posted to Political Theory (Forum) by fringeelements on Tue, Oct 12 2010
  • Re: Undercutter war insurance agencies

    Thanks for that. Dominant assurance and payment based on the time of payment sound interesting and like they could influence. But the problem still sticks out: economic robo-man won't ever sign a dominant assurance contract, he'll just try to free ride, he'll go to the wall. I saw your post and you seem to view ostracism as statist, and
    Posted to Political Theory (Forum) by fringeelements on Tue, Oct 12 2010
  • Re: Undercutter war insurance agencies

    I'm not sure what you mean. The defense has to be paid before any war, preferably to deter war altogether. A long-term contract would only delay existing customers of the defense-paying insurance agencies, it wouldn't prevent it forever, and it wouldn't prevent people in the area who have no war insurance altogether from buying the undercutter's
    Posted to Political Theory (Forum) by fringeelements on Mon, Oct 11 2010
  • Undercutter war insurance agencies

    I've been stepping through the problem of war insurance funding a defense in a stateless society. The snag I've come to is this: You have insurance companies insuring lots of people for war damages against attacks from other states. From this perspective, there is no free-rider problem since it's just a payment guarantee in case of attack
    Posted to Political Theory (Forum) by fringeelements on Mon, Oct 11 2010
Page 1 of 1 (4 items) | More Search Options