Via Eschaton:
Federal flood insurance is going on hiatus. It would be nice if it just went away. The program subsidizes insurance so flood prone areas can develop. The question no one besides Steve Chapman (no longer available) seems to want to ask is why do we want areas that are prone to floods to develop? Let people pay for their own insurance and flood prone areas will see far less development–a good thing for those who value wetlands and don’t value subsidizing sprawl.