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A remark by a econ prof at OSU concerning insurance and government involvement brings to mind this comparison:
A racket is when you have to buy your way into the game, and you can't win.
A protection racket is when you have to buy your way into the game, you can't even break even, and you're not allowed to leave.
A racket is when you have to buy your way into the game, and you can't win.
A protection racket is when you have to buy your way into the game, you can't even break even, and you're not allowed to leave.