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Sunday, September 04, 2005

Should we abandon New Orleans?

Richard Posner says maybe. I don't neccesarily think we should, nor is any politician going to propose this idea, but Posner makes the important point that we should take it into consideration given the costs neccesary to protect the city, costs that will only rise.

Also Posner points out the new risk of terrorism. This hurricane has exposed the major weakness of one of America's economic hubs. A set of bombs well placed on the levee could debilitate the US as Hurricane Katrina has.

Check it out.

[Update: The New York Times op-ed page provides a passionate defense of New Orleans as a cultural hotbed]

-Mr. Alec

posted by Alec Brandon @ 7:37 PM   1 comments

1 Comments:

At 11:32 AM, Anonymous Anonymous said...

Ahh, you are truly becoming a Chicago brand economist when your valuation of a major city is primarily based on a cost-benefit analysis.
Also, it is important to remember that the risk of terrorism is by no means "new". Rather, Katrina demonstrates that the threat was always present, and that very little has been done to improve "homeland security" in the past four years.

 

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