Courtesy of the Wall Street Journal, an interesting OpEd on the power of pricing and how politics can preclude a rational solution to drought: The California Aqueduct and Interstate 5 near Gustine, Calif. California’s drought is frightful and a challenge for an 800-word column, since the problem can be solved in five words: charge realistic […]
Read more »Courtesy of the New York Times, an OpEd on the potential use of pricing and markets to help alleviate water shortages: Authorities in São Paulo, Brazil’s largest city, recently announced that if current drought conditions persisted, they would be forced to restrict water availability for the city of 20 million to only two days per […]
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