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And Friedrich Hayek insisted that all insurance should be socialized.
What some of our political discourse ignores is that even the most fundamentalist free-market economists understood that markets cannot handle everything. They only thought that, of those things markets can handle, markets could do so by all by themselves. They thought markets were self-correcting. Even if true, and I think it's pretty clear it isn't, these "corrections" can cause a lot of damage and take a very long time. But, as John Maynard Keynes pointed out, "in the long run, we'll all be dead."