Murray Rothbard Was Right: Deposit "Insurance" Is Not Insurance at All

10/27/2022Doug French

Narrator:

Insurance protects individuals from events that cannot be foreseen. As Murray Rothbard noted, however, deposit insurance exists to "protect" a system that is inherently bankrupt.

Original Article: "Murray Rothbard Was Right: Deposit "Insurance" Is Not Insurance at All"

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Author:

Doug French

Douglas French is President Emeritus of the Mises Institute, author of Early Speculative Bubbles & Increases in the Money Supply, and author of Walk Away: The Rise and Fall of the Home-Ownership Myth. He received his master's degree in economics from UNLV, studying under both Professor Murray Rothbard and Professor Hans-Hermann Hoppe.