IDEAS - Interactive Database for Economic Analysis & Synthesis

November 26, 2008

FEMA Making it Rain

An article in the Columbia Tribune informed everyone that aid would be available to residents who were victims of the September storms. According to the article, the assistance will be available to the insured, the uninsured, and citizens that lived in the federally designated flood plains.

With this news, I would just like to revisit an summer op-ed written by Matt Simpson, which discussed the incentives of flood relief. Does subsidizing and funding reconstruction efforts REALLY ease the pain caused by floods?

 

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