Dr. Eric Graf Discusses How Media Manipulates Natural Disasters and Government Replaces Insurance

Dr. Eric Graf of the Universidad de Francisco Marroquin, has been troubled by the potential for the media and government institutions to manipulate natural disasters and use them to further their own ends. Houston is a known floodplain, prone to such events from time to time: thus emerges a classic free-rider problem, whereby the government subsidizes free-riders who choose to eschew the private insurance market. Trump has sadly followed the course of his predecessors, and taken a big government approach to disaster relief, as Treasury Secretary Steven Mnuchin ties disaster relief funding for Texas to raising the debt ceiling