Risk management is a mantra in the Department of Homeland Security but little more. Risk management means more than sending grants to areas where the risk of terrorism is greatest. It means honestly assessing danger rather than using worst-case scenarios as a basis for policy. It means creating ways to evaluate whether homeland security policies succeed, eliminating those that do not, and shifting funds to those that do. Current U.S. homeland security policy does not achieve these basic tasks. This forum will discuss ways to remedy that failure. Benjamin Friedman will explain what homeland security policymakers can learn from efforts to overcome public demand for overreaction to threats in defense and regulatory policy. John Mueller will discuss his recent research into counterterrorism policy, focusing on how to use cost-benefit analysis to evaluate homeland security programs.
Featuring Benjamin H. Friedman, Research Fellow in Defense and Homeland Security Studies, Cato Institute; Spencer Ackerman, Senior Writer, WIRED Magazine; and Julian Sanchez, Research Fellow, Cato Institute; moderated by Laura Odato, Director of Government Affairs, Cato Institute.
Featured PublicationWe are grateful to the Harry and Lynde Bradley Foundation and the Carthage Foundation whose support of the October 2012 Cato Conference “Europe’s Crisis and the Welfare State: Lessons for the United States” made possible this special issue of the Cato Journal.
May 23, 2013
May 23, 2013
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More Bang for Your Buck
The Cato Institute tops a new measure of think tank performance in the United States, according to a recent report. Cato bested all other U.S. think tanks in the main category of “Aggregate Profile per Dollar Spent.” “I’m grateful to the Center for Global Development for showing that Cato gives its sponsors something I wish government gave more of to taxpayers: bang for the buck,” said Cato CEO John Allison.