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."
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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.
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