hurricanes and land rent

Best quote of the day: "W. drove his budget-cutting Chevy to the levee, and it wasn't dry. Bye, bye, American lives."

As usual, land rent would have prevented the problem. Land rent is based on the market value of land. The true market value, not the highly subsidized artificial value. If people paid the full market costs of living in a flood-prone area, you can be sure that those flood defenses would be rock solid.