Britain needs “more millionaires and more bankrupts”.

Marcus's picture
Submitted by Marcus on Fri, 2007-01-19 21:43.

Good article from Jamie Whyte on the negative consequences of compulsory insurances and meddling with Bankruptcy laws.

"Sam may neither know nor care that he is paying a little over the odds. But as bankruptcy laws become more forgiving, so the number of defaulters increases."

How safe, solvent Sam ends up subsidising risky Ron.

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