I can’t say I am remotely surprised, but in the journal, Homeland Security Affairs, Marcus Holmes has written a comprehensive demolition of the claim that the US federal government’s No-Fly List is an efficient security policy. He isn’t concerned with civil liberties – ACLU has done that elsewhere – nor with effectiveness – Bruce Schneier nailed that one a while back. He simply demonstrates, using elementary Cost-Benefit Analysis that the policy is a big fat waste of money. The article isn’t complicated to understand, so the best thing I can suggest is that you just go read it… (and thanks to Bruce Schneier and Boingboing.net for posting on this one).