Water markets reconnect the Colorado to the Pacific.
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.
Reed Watson, Peter Hill, Shawn Regan, Laura Huggins
Listen as Aaron Flint of "Voices of Montana" talks with Reed Watson, P.J. Hill, Shawn Regan, and Laura Huggins about free market environmentalism.
February 12, 2014 -- Reed Watson on The Jason lewis Show discusses the need for water markets to solve California's acute water scarcity.
Changes in the environment, population, and industry have created water scarcity in some areas. Terry L. Anderson the President of The Property and Environment Research Center and Gretchen W. McClain the CEO of Xylem discuss how society can meet these water challenges.
To keep the water running in LasVegas, recognize scarcity and let water rates rise-- double or even triple. Encourage homeowners to trade water rights. Let the market determine how much water people use, not the water police.
Terry Anderson, Gary Libecap
Where water markets are being allowed to work, prices reflect scarcity and trades provide incentives to conserve.
Terry Anderson, Brandon Scarborough, Reed Watson
Authors Reed Watson and Brandon Scarborough briefly describe and give examples of how water markets can not only provide water where it is needed most, but avoid the acrimony of past water disputes.