Monday, June 2, 2003

Is the price right for your freedom?

How do you measure a cost-benefit for the new security measures or of your liberty? It is hard to even come up with a causal link from the "increased" security measures (ask me about the absurd experience I had in LAX...) to increased safety, let alone quantifying such a benefit.

There is also a discussion at;sid=03/03/12/06265215;cmt=42 Abstract

In an unusual twist on cost-benefit analysis, an economic tool that conservatives have often used to attack environmental regulation, top advisers to President Bush want to weigh the benefits of tighter domestic security against the ''costs'' of lost privacy and freedom.

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