Help New York Rebuild, But Fix FEMA, Too

Originally published in The Boston Globe

November 15, 2012
Edward Glaeser (Glimp Professor of Economics, Harvard University)

If New York Governor Andrew Cuomo requests $30 billion worth of federal aid to help New York rebuild after Hurricane Sandy, should Congress say yes? New York City needs reconstruction, but our current federal relief system leads people to build excessively in high-risk areas and provides little incentive for battered states to make wise decisions about which reconstruction efforts are worth the cost. MORE >(Need Boston Globesubscription)