California’s water crisis – and Governor Jerry Brown’s draconian response to it – could go a…
CFIF on Twitter CFIF on YouTube
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]

April 17, 2015 • 01:32 pm
Newsletter Sign-up
Question of the Week   
How many states comprised the Confederate States of America (CSA)?
More Questions
Quote of the Day   
 
"Since the Obama recovery began in the second quarter of 2009, public and private projections of economic growth have consistently overestimated actual performance. Six years later, projections of prosperity being just around the corner have given way to a debate over whether the U.S. has fallen into 'secular stagnation,' a fancy phrase for the chronic low growth seen in much of Europe. "This is just…[more]
 
 
—Phil Gramm, Former U.S. Senator (R-TX)
— Phil Gramm, Former U.S. Senator (R-TX)
 
Liberty Poll   

After filing your tax returns for 2014, are you getting a refund or did you have to pay more?