How the Feds Blocked Effective Flood Insurance

“While none of this is to say that had more rigorous private standards prevailed and the Army Corps and TVA never been created, that no one’s residence or workplace would ever have flooded. However, there’s no doubt that the federal government’s perverse subsidization of residential and commercial development in flood-prone areas as well as artificially cheap flood insurance completely detached from risk assessment have contributed to not only the untold loss of billions of dollars of property, but lives as well.”