In this new video from ReasonTV, Reed explores the conflicts and inefficiencies inherent in the political allocation of water and offers solutions to California’s water crisis.
The Solution to California’s Drought: A Free Market in Water
"If you're going to be serious about using markets to allocate water, the first thing you have to do is let the market determine the price."
Written By
-
Reed WatsonReed Watson is the director of the Hayek Center for the Business of Prosperity and a professor of practice in the John E. Walker Department of Economics at Clemson University.
Date
Topics
Related Content
-
In Roosevelt’s Arena
PERC joins America's conservation leaders at the grand opening of the Theodore Roosevelt Presidential Library
-
Conservation Victory: New Federal Rule Reestablishes Incentives for Species Recovery
PERC and RMEF proudly support the U.S. Fish and Wildlife Service’s rescission of the Endangered Species Act’s ‘blanket’ 4(d) rule
-
A Bear-Sized Step Forward for Grizzly Recovery: Conservation Groups Celebrate Novel Solution to Incentivize Conservation
New federal proposal recognizes historic conservation win and offers a new model to reduce conflict and motivate recovery efforts
