The Real Reason FDIC Is Going Broke [View article]
I fail to see how this is Laissez Faire. We are talking about a multi-billion-dollar government entity with a monopoly on deposit insurance.
In a Laissez Faire system a private company would be insuring those deposits, and you could be damn sure they'd collect their premiums on time and in full.
I am wondering where you got the 777 billion number from. I'd love to find out more about this, but can't seem to find a source. That number would be ~85% of the Fed's total assets and almost as much as their total liabilities.
Sort by:
Latest | Highest ratedThe Real Reason FDIC Is Going Broke [View article]
In a Laissez Faire system a private company would be insuring those deposits, and you could be damn sure they'd collect their premiums on time and in full.
Close Down the Federal Reserve [View article]
Google Should Deliver Its YouTube Data to Viacom in Paper Form [View article]