A Market-Based Solution to California’s Water Shortage
California’s water crisis – and Governor Jerry Brown’s draconian response to it – could go a long way toward uniting middle class and elite urbanites in a revolt against political favoritism run amuck.
As Shikha Dalmia explains, “The best — and most sustainable — solution to California's water woes would be full-bore markets in which prices can rise and fall with supply and demand. Under such a system, depleting water reserves would have led to price increases long ago, producing an automatic incentive to conserve. More importantly, this would have clearly signaled growing scarcity, spurring new technologies for affordable water generation. All of this would have allowed consumers and businesses to make small adjustments over time without letting the shortage reach a crisis…[more]
In 2008, Barack Obama boldly suggested that he could be a transformative president in the manner of Ronald Reagan, as opposed to the comparatively non-consequential Bill Clinton.
That suggestion rightfully draws laughter today, as Obama's legacy begins to congeal.
Reagan's leadership and policies quickly revived our economy, rebuilt our military, restored our confident gait and won the forty-year Cold War before the close of the decade. In contrast, Obama's signature "achievement" is a healthcare monstrosity that has remained broadly unpopular since inception and continues…
"2016 is already shaping up as the most unusual open-seat presidential race in our time: one candidate fixed and foregone, the other yet to emerge from a wild race of a near-dozen contenders with none exceeding 20 percent.So brace yourself for a glorious Republican punch-up, punctuated by endless meta-coverage of the Democrats' coronation march. After which, we shall decide the future of our country…[more]