Thread

in some ways every event is unprecedented, and in others, it has plenty of precedent. Feigning helpless ignorance when willful ignorance was the culprit is the deceitful person's sleight of hand to remain undetected by those who do not look closely at his actions.

There is also a genuine lack of available precedent (availability heuristic allows this falsehood to propagate if left unchecked by the logic of uncertainty) on account of the suppression of economic truths such as the better functioning of insurance agencies and infrastructure in a free market vs the statist, monopolistic landscape of today.

🎯

I was listening to one report demonizing insurance companies for dropping residents fire insurance (which is tragic right now no question), but if you regulate what the company can charge for premiums…what do you expect? The whole thing is just so tragic…but every time we start trying to manipulate free market dynamics, we get undesirable after effects. Praying for the folks that are so tragically affected, and praying they get better leadership in the aftermath. 🙏🏻

Interesting post by Michael Shellenberger

Yes, they are direct victims of the state, make no mistake. Like a good neighbor, State Farm flew the coop on California recently, preferring to do business on less monopolistic lands than to patronize this perversion of price signals. I pray that mass exodus from this place is coupled with a rise in awareness of this very fact.

Spot on 🎯

I fear whatever they attempt to do to fix what their own policies actually broke will make it 10x worse in the end 🫣

It is the whole job of emergency contingency planners (of which every level of government pays many) to prepare and plan for unprecedented disasters. So yes, 100 percent to avoid accountability.

Especially when we’ve heard people predict these scenarios. I get you have to make risk trade offs…do you go all in and prepare? What’s the likelihood of occurrence? You have to make decisions…but when you get it wrong, own it.

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I don't think it's as intentional as all that, but I bet there is a lot more crime and deceit behind this than even the economically literate like us are aware of, however intentional it might be.