When you live in an area likely to face hurricanes, you expect some risk of damage. If you also expect the government (in other words, the taxpayer) to foot all repair bills, that risk of damage plays very little role in your assessment of the costs and benefits of owning coastal property.
That’s a situation that doesn’t make much sense to Rob Young, professor of geosciences at Western Carolina University, and featured speaker at today’s meeting of the John Locke Foundation’s Shaftesbury Society.
Young discussed the topic “U.S. Coastal Policy: Fiscally Irresponsible and Environmentally Damaging.” One of his ideas is the creation of ShRAC: the Shoreline Relocation Advisory Commission.
4:25 p.m. update: Watch the entire speech here.
