In the Wall Street Journal, Gary Libecap and Robert Glennon discuss the West's outdated water laws. A policy overhaul, they argue, would allow efficient water markets and reward conservation.
The truth revealed: Environmental bluffs miss big picture
Sometimes "little green lies" bend the truth and become the basis for government policies that harm the environment.
Desertification is occurring in almost 30 percent of China and salinization affects 10 percent of the nation.
If you can't dam, divert, or drill, it's time to consider allocating water through markets.