Federal flood insurance was created ostensibly to provide insurance to people who live in flood-prone areas. Not surprisingly, it subsidizes bad home-building decisions and wastes billions of dollars.

Original Article:&nbsp;<a href="https://mises.org/wire/federal-flood-insurance-drains-taxpayers" target="_blank">Federal Flood Insurance Drains Taxpayers</a>

Federal flood insurance was created ostensibly to provide insurance to people who live in flood-prone areas. Not surprisingly, it subsidizes bad home-building decisions and wastes billions of dollars. Original Article: Federal Flood Insurance Drains Taxpayers{ai:summary}<p>Federal flood insurance was intended to protect those living in flood-prone areas, but instead it encourages poor home-building choices and results in the squandering of taxpayer money. #economy</p>

Federal Flood Insurance Drains Taxpayers

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