Insurance is such a fiat scam. All the middle men it creates are rent-seeking by nature and the quality of the service not only becomes more expensive but worse. Direct payment, or value-for-value is ...
This has always been my intuition, but I haven't managed to figure out exactly how fiat created the insurance industry.
If you know of a good book on the subject I'm all ears
If you know of a good book on the subject I'm all ears