FEMA is not absent of incentives but driven by political incentives, so its budget is allocated in ways that make political sense but little 'first-responder sense'—and because it relies on these different incentives it cannot access the knowledge of time and place needed for effective crisis response.

causalpending

Speaker

Peter Boettke

Evidence Quote

the knowledge that's of time in places is necessary and that this organization simply cannot access that information because it's relying on a different set of incentives

Source

Peter Boettke on Hurricane Katrina and the Economics of Disaster 12/18/2006EconTalk
Created: 6/17/2026, 10:29:22 AM

My Notes

Loading notes...