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
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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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