All Posts Tagged With: "flood insurance"
Government's Track Record in the Insurance Business
Barack Obama and many others want the government to get into the health-insurance business. Very good. Is the government in any other kind of insurance? As a matter of fact, it is: flood insurance. It essentially has a monopoly. Here’s a Reuters story about the House last month extending the “troubled [i.e., broke] program” for [...]
13Aug2009 | Sheldon Richman | 1 comment | ContinuedSubprime Monetary Policy
In recent years monetary policy has been conducted so as to create an expectation that the Federal Reserve will bail out investors when asset bubbles deflate. Investors have come to bank on the Fed’s backing of risky ventures. The recent crisis in the subprime mortgage market is at least partly the outcome of this new [...]
1Nov2007 | Gerald P. O'Driscoll, Jr. | 2 comments | ContinuedUncle Sam’s Flood Machine
When NASAs Pathfinder spacecraft landed on Mars in 1997 and sent back pictures showing that the planet was once flooded, comic Alan Ray quipped: “Of course, Mars lacks the one factor that makes high waters on Earth so much more devastating. Mars has no FEMA.”
1Jan2006 | James Bovard | 5 comments | ContinuedGovernment Versus the Environment
When the subject is the environment, the public perception is that a resource of such importance can only be adequately safeguarded by the benevolent, all-encompassing hands of the government. Whether that protection comes in the guise of the Environmental Protection Agency, the Forest Service, the Park Service, the Bureau of Land Management, or any of [...]
1Feb1998 | Russell Madden | 18 comments | Continued-
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