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Commentary

Here’s the Best Way to Limit the Risk of ‘Widespread’ Hurricane Damage



In the aftermath of Hurricane Harvey, various armchair quarterbacks were quick to blame Houston’s lack of zoning laws—rather than the 50 inches of rain that inundated the area— for the unprecedented flooding.

Perhaps Hurricane Irma—which just ripped through Florida—will help focus attention on a bigger reason the East and Gulf coasts are prone to widespread storm damage: the National Flood Insurance Program.

Read the full article


Benjamin Powell is a Senior Fellow at the Independent Institute, Director of the Free Market Institute at Texas Tech University. He Independent Institute books include The Economics of Immigration: Market-Based Approaches, Social Science, and Public Policy, Housing America: Building out of Crisis, and Making Poor Nations Rich.

Phil Magness is a visiting assistant professor of economics at Berry College, Rome, GA.


New from Benjamin Powell!
THE ECONOMICS OF IMMIGRATION: Market-Based Approaches, Social Science, and Public Policy
Few topics in current affairs are as contentious as immigration. Yet despite the controversies, social scientists who study immigration largely agree about its effects, whatever differences they may have about how a nation should change its policies. Their findings, however, have been buried in academic journals accessible only to other scholars—until now. With the publication of The Economics of Immigration: Market-Based Approaches, Social Science, and Public Policy, edited by Benjamin Powell, readers can now easily access the substance of the vast scholarly literature about a subject that touches millions of lives.







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