The Aqua Dam Sounded Nuts, Until…
The Aqua Dam sounds truly nuts. A giant inner-tube around your house to protect you from floods? And it costs more than $8,000? That’s some serious prepper stuff, and surely crazy. Well, this one work magnificently during the Louisiana and Texas floods. Private enterprise comes through again!
This is exactly the kind of thing that can only emerge in a free society where people can experiment and try out all kinds of different ways of solving problems. It’s something that clearly a lot of people would think is ridiculous or too expensive, not practical, etc., yet it’s the very thing that saved Robert Wagner house.
David Einhorn's Greenlight Capital funds were up 11.9% for 2021, compared to the S&P 500's 28.7% return. Since its inception in May 1996, Greenlight has returned 1,882.6% cumulatively and 12.3% net on an annualized basis. Q4 2021 hedge fund letters, conferences and more The fund was up 18.6% for the fourth quarter, with almost all Read More
If we were all forced to leave it up to a one-size-fits-all state enforced solution to flooding, you know what would have happened: Roger Wagner would have been forcibly evacuated from his home and would have had to watch as it got destroyed.
But in a world where entrepreneurs can offer a variety of different products, and where buyers are free to take a chance on things they may not know for sure are going to work out, a family home survived a flood.
Sean Malone is the Director of Media at FEE.
This article was originally published on FEE.org. Read the original article.