Re: AltInst: Legislation insurance

From: Petro <>
Date: Tue Apr 21 1998 - 21:14:04 PDT

Hal Finney
> Damien R. Sullivan writes:
> > Why isn't there legislation insurance, to help business hedge against
> > changes in legislation?
> It might be seen as immoral. Normally legislation is presented as
> addressing some inequity or evil. Allowing people to insure against
> such legislation would mean that they would benefit from the wrong they
> were previously engaged in.

        That is one perspective, rather (IMO) naive. I would take the position
that most action that Congress takes vis-a-vis the marketplace/business is
paid for by big business, therefore, the little guy is usually the only one
who gets the screws, so this type of insurance would make sense, execpt that
the Insurance Types are big companies...

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Received on Tue Apr 21 21:29:07 1998

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