Ep. 1026 Insurance: Another Industry Warped by Government
The Tom Woods Show
Tom Woods
4.8 • 3.3K Ratings
🗓️ 26 October 2017
⏱️ 34 minutes
🧾️ Download transcript
Summary
Insurance, as it exists today, is shot through with government subsidies and regulations that make practically everyone worse off. Almost no one besides experts in the field is even aware of the government's role in making insurance premiums higher and insurance products less able to meet the public's needs. Stacey Giulianti, chief legal officer for a Florida insurance company, and who's been practicing law for 25 years, knows all of it inside and out, joins me to tell the story.
Transcript
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| 0:00.0 | The Tom Woods Show, episode 1026. |
| 0:03.4 | Prepare to set fire to the index card of allowable opinion. |
| 0:08.2 | Your daily dose of liberty education starts here, the Tom Woods Show. |
| 0:14.7 | BuzzFeed says if you've never heard of eBates before, get ready to make some easy money. |
| 0:19.4 | You're already shopping online anyway at a variety |
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| 0:28.5 | you get 50 smackers check it out at tom woods.com slash ebates |
| 0:34.3 | hey everybody tom woods here we're talking about insurance today. |
| 0:39.2 | And yes, this is interesting. |
| 0:41.9 | We all have insurance of one type or another. |
| 0:53.7 | But I bet not many people know just how insurance is made to be more expensive and overall worse than it would be on a free market. |
| 0:56.0 | Well, how is that? What exactly is the nature of the government distortions of insurance? Well, joining us to explain it all is Stacey Giuliani, |
| 1:03.4 | who is chief legal officer at an insurance company. He's been practicing law for about 25 years. |
| 1:10.8 | He is one of the authors of the Instructional Manual Florida Insurance Law and Practice, |
| 1:16.7 | and I'm very glad to be talking to him today. |
| 1:18.7 | Stacey, welcome to the show. |
| 1:20.1 | Thank you for having me. |
| 1:21.1 | I appreciate being here. |
| 1:22.5 | So you've been in insurance for a long time, as I just told people. |
| 1:26.1 | And looking over the notes that you sent me, |
| 1:28.8 | wow, wow, wow, is insurance far away from where you'd want it to be as a libertarian? |
| 1:35.3 | I knew there was some government involvement, but this is just unbelievable. I don't want to go |
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