Georgia and Florida have taken their long-standing fight over water to the U.S. Supreme Court. Defining clear, enforceable, and transferable water rights could help ensure that water is allocated to productive uses and finally put an end to this water war.
Allowing price to ration water may be a bitter political pill to swallow, but it makes economic and environmental sense. Writing at The Conversation, Randy Simmons lends insight into California's water crisis.
Cliven Bundy's battle was born out of a broken system that encourages conflict, not negotiation.
When environmental groups buy ranchers' permits, there's no need for the feds to start rustling up trouble.
The death this week of Ronald Coase, one of the world's most-cited economists, comes at a time when there is lively debate about the very issue he raised: why neither markets nor government are panaceas.
China's growing wealth and economic power means it also vested in seeing the US propser as it holds a huge amount of US debt and remains an important trading partner.