Mises Daily
Author:
Tim Kern
Online Publish Date:
Economic ignorance rises to the top: that seems to be one explanation for FEMA’s continued support of building in flood-prone areas, and Congressional demands for FEMA to do even more of the same. A Washington Post story (Oct 11, 2005 ) by Gilbert Gaul noted, “The pattern of federal flood payments on Dauphin Island [AL] illustrates the growing