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The Federal Emergency Management Agency: Floods, Failures, and Federalism

November 18, 2014 in Economics

Federalism is supposed to undergird America’s system of handling disasters, particularly natural disasters. State, local, and private organizations should play the dominant role. Today, however, growing federal intervention is undermining the role of private institutions and the states in handling disasters. In a new paper, Cato scholar Chris Edwards looks at FEMA’s response to major disasters, and argues that policymakers should reverse course and begin cutting FEMA. “Ultimately,” says Edwards, “the agency should be closed down by ending aid programs for disaster preparedness and relief and privatizing flood insurance.”

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Source: CATO HEADLINES

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