Saturday, March 08, 2008

Making Wise Invetsments

Bjorn Lomborg and Todd Sandler argue that investments in homeland security do not earn a good return. Although we have really boosted the amount of money spent on protection, more people have been killed by terrorists each year. The authors estimate that you get thirty cents back for every dollar spent, seventy cents goes down the drain.

Terrorism would be damaged more by our doing a better job of stopping the financing of terrorism. That can only be effectively accomplished with greater international cooperation.

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