Thursday, June 16, 2011

Cost/Benefit Voodoo

This has been around for decades. The Bureau of Reclamation used to come up with a positive cost/benefit analysis by boosting the benefits of a new dam by assigning a dollar value to recreational benefits, generally with zero justification. Environmentalists blasted the practice, but guess what the EPA is doing to support its proposed changes to the Clean Air Act.


Post a Comment

<< Home