Water in California: Too Scarce, or Just Underpriced? by Brian Doherty

Posted: March 20, 2015 by gamegetterII in Uncategorized
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Get the politicians out of it,and the water market will work itself out.
There is enough,just not enough for all the people living in what’s basically a desert to waste close to a hundred gallons per person,per day,or for the farmers to get really cheap water,and grow water intensive crops like rice and alfalfa. raise the price of water to the farmers to actual market price-and no one’s going to be growing rice and alfalfa in the desert any more.

Robert Gore's avatarSTRAIGHT LINE LOGIC

Compound interest may be, as Albert Einstein reportedly said, the most powerful  force in the universe, but the price mechanism runs a close second. Prices send signals to producers and consumers, adjusting demand and supply  24/7, and nobody is in charge! No bureaucrats, no committees, no rationing, nothing, it just works, all on its own. That, to SLL and its many other fans, is its primary virtue, and to statists and its other enemies, its primary flaw. Water in California and throughout much of the west is currently in short supply. The government’s fingerprints are usually all over any but temporary shortages and surpluses, and they certainly are in the case of water. It’s price is a political issue, and surprise, surprise, it is dramatically underpriced! And surprise, surprise, there’s not enough to go around! From Brian Doherty, at reason.com, a welcome dose of non-rationing rationality:

When it comes to…

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